Your company pays you a bonus of R10,000 after tax. You decide to invest it in a

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Your company pays you a bonus of R10,000 after tax. You decide to invest it in a 5-year fixed deposit account with a bank that offers a fixed interest rate of 10% per annum, compounded annually, over the 5-year period.

What is the value of the money you will have when your fixed deposit matures after five years?

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Financial Analysis with Microsoft Excel

ISBN: 978-1285432274

7th edition

Authors: Timothy R. Mayes, Todd M. Shank

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Posted Date: Mar 28, 2023 06:13 AM

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Your company pays you a bonus of R10,000 after tax. You decide to invest it in a

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To calculate the future value of the fixed deposit we can use the formula FV PV x 1 rn Where F... View the full answer

Financial Analysis with Microsoft Excel

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