Paul has made a decision to invest Kshs 600,000 every year for a period of 15 years.

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Paul has made a decision to invest Kshs 600,000 every year for a period of 15 years. If the annual interest is 12% p.a. for the first 8 years and then 10 % for the remaining 7years determine the total amount receivable after 12 years.

Related Book For answer-question

Financial Management for Public Health and Not for Profit Organizations

ISBN: 978-0132805667

4th edition

Authors: Steven A. Finkler, Thad Calabrese

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Posted Date: Apr 29, 2024 06:28 AM

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Paul has made a decision to invest Kshs 600,000 every year for a period of 15 years.

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To find the total amount receivable after 12 years we can use the future value of an ordinary annuit... View the full answer

Financial Management for Public Health and Not for Profit Organizations

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