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Calculate the amount she now has to deposit

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Question - Helen plans to travel to Australia after 8 years from now, as then she will turn 30. When she starts her travel, she wants to be able to withdraw 6125 € from her bank account. Calculate the amount she now has to deposit in her bank account. The interest rate is 1.5% (p.a.) and the tax at source rate is 30%.

Reference no: EM133223951

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