Intermediate. Sydney wishes to make an investment on a monthly basis starting next month for five years.

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Intermediate. Sydney wishes to make an investment on a monthly basis starting next month for five years. The payments into the fund would be made on the first day of each month.

The interest rate will be 0.5 per cent per month. Sydney needs a terminal value of £7000.

What should be the monthly payments into the fund to the nearest £?

(a) £75

(b) £86

(c) £100

(d) £117 ACCA Paper 1.2 - Financial Information for Management

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Management And Cost Accounting

ISBN: 9781408093931

9th Edition

Authors: Colin Drury

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Question Posted: Jun 05, 2024 01:02 AM

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Intermediate. Sydney wishes to make an investment on a monthly basis starting next month for five years.

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Management And Cost Accounting

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