1. After having just graduated from Deakin University, you are making an investment plan for the next 25 years. You have current savings of $15,000. You have met your bank manager at Savers Bank and he has offered you the investment option of putting your money in an account which will pay you 13% p.a. simple interest for the next 3 years. The balance at the end of year 3 will be transferred to another account where your investment will earn 10% p.a. compounded monthly, for the next 12 years. Th …
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