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Jamin intends to open a small material shop and borrows the money for it from hi...

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Jamin intends to open a small material shop and borrows the money for it from his Uncle Jefferson. Jamin feels that he will only be able to start repaying his debt after three years. Jamin will then pay Uncle Jefferson R105 000 per year for five years. Money is worth 19,5% per year. The amount of money that Uncle Jefferson originally lent Jamin is

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