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Tebogo invested an amount of R3 000 today in a money market account that bears...
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Tebogo invested an amount of R3 000 today in a money market account that bears interest at 5,5% compound interest per annum. What will the amount of his investment be after 5 years? Set your calculator to four decimal places and round the final answer to the nearest rand. Slight rounding differences may occur - choose the alternative that is closest to your answer.
(a)
(b)
(c) R37 815
(d) R 3 9210%
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