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ON 5 18 An amount of R10 000 was invested for 4 years, earning interest at compounded quarterly. At the end of the 4 years, the total amount in the account was R13 080. Determine the value of r. r p.a., A businesswoman deposited R9 000 into an account at the end of January 2014. She continued to make monthly deposits of R9 000 at the end of each month up to the end of December 2018. The account earned interest at a rate of 7,5% p.a., compounded monthly. 5.2.1 5.2.2 Calculate how much money was in the account immediately after 60 deposits had been made. The businesswoman left the amount calculated in QUESTION 7.2.1 for a further n months in the account. The interest rate remained unchanged and no further payments were made. The total interest earned over the entire investment period was R190 214,14. Determine the value of n.
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