fetus has surplus income of R200 000 per annum. He wants to invest this in a high risk fund that will grow at a rate of 14% per annum. He will increase the instalments by 5% per annum and the investment is for a period of 20 years. After 20 years calculate  the value of his investment.

Answer rating: 100% (QA)

To calculate the value of the investment after 20 years we can use the formula for the future value ... View the full answer