Assume that you have just decided (now) to open a savings account. By depositing SR 10,000 per month and if the account earns interest rate of 20% per year compounded semiannually, how much money you would have in your savings account at the end of year 10?

Answer rating: 100% (QA)

Monthly deposit SR 10000 Annual Interest Rate 20 compounded sem... View the full answer