Mr Peter plans to retire in ten years' time. He plans to contribute R36 000 towards...
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Mr Peter plans to retire in ten years' time. He plans to contribute R36 000 towards a unit trust (collective investment scheme) at the end of each year for the next 10 years. If he can earn 12% on his contributions, approximately how muc will he have earned at the end of the tenth year? OA. [4] R403 200 B. [3] R111 810 C. [1] R631 754 . . . . . OD. [2] R203 410 E. [5] None of the options (1, 2, 3, or 4) is correct. Mr Peter plans to retire in ten years' time. He plans to contribute R36 000 towards a unit trust (collective investment scheme) at the end of each year for the next 10 years. If he can earn 12% on his contributions, approximately how muc will he have earned at the end of the tenth year? OA. [4] R403 200 B. [3] R111 810 C. [1] R631 754 . . . . . OD. [2] R203 410 E. [5] None of the options (1, 2, 3, or 4) is correct.
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FV C x 1i n 1i Where FV Future Value C Contribution i Rate of Interest n No of Years FV 36000 x 1012 ... View the full answer
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