Question: John Smith has estimated that he will require R 2 0 0 0 0 in 2 years time in order to be able to pay
John Smith has estimated that he will require R in years time in order to be able to pay the deposit towards an overseas holiday. Beep bank is offering an interest rate of added times per year on a fixed deposit. How much would John have to invest today to achieve his investment goal.
Enter the different inputs below in presenting your answer.
Completion instructions.
If applicable round to two decimal places for example R is written as Do not use the rand symbol in your answer and do not enter a minus
tableTVMPYR
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
