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A Company in Lagos, Nigeria Needs to Repay a Debt

question 4

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A company in Lagos, Nigeria needs to repay a debt totalling 900,000 Nigerian Naira (NGN) in 3 years' time. Assume payments are made into a sinking fund in arrears and can be invested at 7.5%. How much must the company save in order to meet its commitments (to the nearest NGN 10) ?


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Food Chain

A food chain describes a series of creatures each dependent on the next as a source of food, illustrating the flow of energy and nutrients from one organism to another across an ecosystem.

Organism

A living entity made up of one or more cells that is capable of growth, reproduction, and response to stimuli like bacteria, plants, and animals.

Stable Ecosystem

An ecosystem that remains relatively constant in its composition of species and the transfer of energy over time, demonstrating resilience to disturbances.

Balanced Ecosystem

An ecological state where natural systems are in harmony, with stable populations and sustainable interactions among organisms and their environment.

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