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Huff Dawson
03/18/2023 · Middle School

MATHEMATICS FOR MARKETERS B CMS05B Question 4 [10 marks] Ticha makes deposits of R16,700 at the beginning of each month for 5 years in an account paying \( 4.78 \% \) compounded weekly. a) Distinguish between an ordinary annuity and an annuity due. a) If he now leaves the money to grow for an addition 5 years with no additional payments, how much will he have in the account then? a) How much will he save after 5 years?

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- Future Value after 10 years: Approximately R1,128,000.00 - Total Savings after 5 years: R1,002,000.00

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