f You invest R1 000 annually (at the end of each year) for 5 successive years...
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f You invest R1 000 annually (at the end of each year) for 5 successive years in a savings account at 9% p.a. compound interest. At the end of the fifth year you withdraw R984, 71 and the balance is invested at 13% interest p.a., compounded semi-annually for four years. The end value of the investment is closest to ... O a. R8 275 b. R5 000 O c. R9 655 d. R6 655 x f You invest R1 000 annually (at the end of each year) for 5 successive years in a savings account at 9% p.a. compound interest. At the end of the fifth year you withdraw R984, 71 and the balance is invested at 13% interest p.a., compounded semi-annually for four years. The end value of the investment is closest to ... O a. R8 275 b. R5 000 O c. R9 655 d. R6 655 x
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Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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