4.1.5 A client approaches you with the news that she plans to retire on a...

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Finance

4.1.5 A client approaches you with the news that she plans to retire on a ranch worth R3000000. She plans to save every year for 20 years. How much must she save at the end of each year if the interest rate is 12% per annum? (Round off the answer to the nearest rand.).

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