Mr Rolf Weasley has recently purchased $12,000 worth of shares in Perloins Ltd. Given the relative risk
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Mr Rolf Weasley has recently purchased $12,000 worth of shares in Perloins Ltd. Given the relative risk exposure of Perloins Ltd., Rolf expects an annual rate of return on the investment of 9% p.a. compounded at regular intervals of 4 months. Approximately how much would Rolf expect to realise from the sale of his investment in 5 years from now? Show formulae and workings step by step.
Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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