Question: Jabu just opened a tapa's bar. He realises that it is an excellent concept and is expecting that he will have to upgrade the restaurant

Jabu just opened a tapa's bar. He realises that it is an excellent concept and is expecting that he will have to upgrade the restaurant premises in four year's time. he can set aside R75 000 now and R5000 per month for the next four years. How much would he be able to spend on extensions (after 4 years) if he can invest the money in a savings account at 6% interest Componded monthly?

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