Question: You plan to save R 1 0 , 0 0 0 towards a holiday loan by depositing R 1 7 5 weekly into a savings

You plan to save R10,000 towards a holiday loan by depositing R175 weekly into a savings account that earns an annual interest rate of 7%, compounded weekly (52 weeks). The number of weeks it will take you to reach your savings goal is closest to: 56 weeks 54 weeks 55 weeks 53 weeks

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