Question: You are saving money for a down payment on a new house. You intend to place R5000 at the end of each month for three

You are saving money for a down payment on a new house. You intend to place R5000 at the end of each month for three years into an account earning 6% per year. At the end of the third year, you will place R20000 into this account. 


How much money will be in the account at the end of the fourth year?


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