Linda will be saving Sh. 10,000 at the end of the current period into an investment vehicle

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Linda will be saving Sh. 10,000 at the end of the current period into an investment vehicle that promises an annual rate of return of 12 Percent. Thereafter, she plans to grow the annual savings at a rate of 6 percent per annum for 40 years. How much will she have at the end of the investment period?

Posted Date: May 15, 2024 01:48 PM

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Linda will be saving Sh. 10,000 at the end of the current period into an investment vehicle

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To solve this problem we need to use the future value formula for a growin... View the full answer

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