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On her 40th birthday Susan decides that she will go for a facelift when she turns 50. She estimates that it will cost her R48 000 when she turns 50.

On her 40th birthday Susan decides that she will go for a facelift when she turns 50. She estimates that it
will cost her R48 000 when she turns 50. She starts saving immediately each month paying an amount into
an account earning 8,58% interest per year, compounded monthly. The monthly payment equals

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