Question: 1. How much would we need to set aside at the end of each of the following 5 years to accumulate GH20,000, given an interest

1. How much would we need to set aside at the end of each of the following 5 years to accumulate GH20,000, given an interest rate of 12% per annum compound? 2. You require GH4,000 in five (5) years time. How much will you have to invest at the end of each year if interest charged is 15% per annum compounded?

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