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An annuity 2009-02-27
From Jules:
R 20 000 is deposited in the bank,at the end of each year R 5 000 is withdrawn from it, the interest is 13 percent compounded monthly. Calculate how many years that person will be able to use his/her money ?
Answered by Stephen La Rocque.
Rule of 78 2000-03-22
From Dan Baumgarten:
Can you explain the rule of 78 and the reverse rule of 78? Thanks.
Answered by Claude Tardif.
 
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