Question: How does the difference in savings accounts between Gianna and Hudson change after 3 0 years, considering that Gianna deposits an additional R 5 6

How does the difference in savings accounts between Gianna and Hudson change after 30 years, considering that Gianna deposits an additional R5600 on the first day of each year, Hudson deposits an additional R5600 on the last day of each year, and both receive an 8% annual return on their savings?
1.
R39803,04
2.
R50750,88
3.
R63438,59
4.
R85136,86

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!