Thabo wants to have R2 000 000 after 8 years of annual savings. How much must he

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Thabo wants to have R2 000 000 after 8 years of annual savings.

How much must he save every year if the expected return of the investment is an annual interest rate of 13% compounded annually?

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-1337395250

15th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Nov 13, 2023 12:53 AM

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Thabo wants to have R2 000 000 after 8 years of annual savings. How much must he

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Fundamentals of Financial Management

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