An amount of R 4 5 0 is deposited into an account at the end of each
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Question:
An amount of R is deposited into an account at the end of each quarter starting three months from now and ending nine years from now. The money in the account earns interest at a rate of pa
Rounded to the nearest cent, i the amount in the account at the end of the fifth year is equal to R
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ii the future value of the annuity is equal to R
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iii the value of the annuity at the end of the fifth year is equal to R
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