Question: hi, can you help me find the present value and final value of question. a A person invests the following amounts in a bank account:

hi, can you help me find the present value and final value of question.

hi, can you help me find the present value and final value

a A person invests the following amounts in a bank account: R7,285 on 1 May 2020, R7,960 on 31 August 2021, R8,463 on 1 December 2022, R9,120 on 1 June 2023 and R9,865 on 30 April 2024. The bank account earns interest at 7.36% per year. Fill in the table below to show the final value at the end of each month. Calculate the final value on 31 December 2024 as well as the present value on 1 January 2020. Rentekoers / Interest Rate (p) A Eindbedrag / Final Value /p = i= Huidige Waarde / Present Value p= a A person invests the following amounts in a bank account: R7,285 on 1 May 2020, R7,960 on 31 August 2021, R8,463 on 1 December 2022, R9,120 on 1 June 2023 and R9,865 on 30 April 2024. The bank account earns interest at 7.36% per year. Fill in the table below to show the final value at the end of each month. Calculate the final value on 31 December 2024 as well as the present value on 1 January 2020. Rentekoers / Interest Rate (p) A Eindbedrag / Final Value /p = i= Huidige Waarde / Present Value p=

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!