Question: 2 . 4 . You want to save up for a down payment on a house. You plan to save R 2 , 0 0

2.4.You want to save up for a down payment on a house. You plan to save R2,000 per
year at the end of each year for the next 10 years. If the interest rate is 7%
compounded annually.How much will you have saved by the end of the 10th year?

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