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Denzel is planning to save R500 per year for ten years. The first deposit, which...

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Accounting

Denzel is planning to save R500 per year for ten years. The first deposit, which is presently being made, and all subsequent deposits, will earn interest at a 9% annual rate. Calculate the future value for this annuity if interest is compounded semi-annually. show formula.

a.R15 685.71

b.R7 669.36

c.R8 374.94

d.R16 391.57

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