Sindy has a capital amount of R800 000. He wants to withdraw an amount of R77 000
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Question:
Sindy has a capital amount of R800 000. He wants to withdraw an amount of R77 000 from the fund on 1 January and 1 July each year. He earns interest of 9.6% per annum on the money in the investment. Thabo wants you to calculate for how long his capital will last before it is depleted.
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