Click to see alinstructions Pam and jim are saving money for their two children who they plan to send to university. The eldest child winteruniversity in Syears while the younger will enter in 7. Ech child is expected spend four years at university University fees are currently 120 000 per year and are expected to grow at 5 per year. These fees are pad te bening otach Pam and jim currently have R40 000 in their savings and their plans to save the amount each year for the next year the best post the othe Current year and the deposit at the date the university fees are paid Pane and inexpect to cam 10 per year on the investments What amount should they investeach your to meet the cost of the driversity
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