What amount that she should save at the end of each quarter

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Problem 1: Mara's dream is to purchase a small piece of land outside of town. She would like to have R700 000 available in seven years' time. The amount that she should save at the end of each quarter to attain her goal, if she can earn interest at 11% per year, compounded quarterly on her savings, is?

Reference no: EM132752768

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