Question: Using microsoft excel financial functions FV and PMT can yu he me answer the questions below Question 3 (6 marks) 3.1 At an entrepreneurial event

Using microsoft excel financial functions FV and PMT can yu he me answer the questions below

Question 3 (6 marks) 3.1 At an entrepreneurial event you recently attended, investment was one of the critical topics. You intend to take the initiative and invest R2 000 at the end of each month for ten (10) years to buy your first rental property. If the interest on your investment is 8% per annum, how much should you have at the end of 10 years? (3 marks)

3.2 You can also take a home loan valued at R750 000 to start your property rental business. The interest on the loan is 12% per annum, and the repayment period is 20 years. Calculate your monthly repayment amount (3marks)

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