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1 . 3 An investor deposits R 5 0 0 0 0 into an account which offers 7 % per annum interest compounded monthly. Determine

1.3 An investor deposits R50000 into an account which offers 7% per annum interest compounded monthly. Determine the value of the investment at the end of 8 years.
1.4 Nedbank Investment offers a savings account which requires a minimum investment of R12000. The account offers an interest rate of 6% per year which is compounded quarterly. Determine the annual effective interest rate for this account.
1.5 You invest R20000 at the beginning of each year into a savings account yielding a 10% per annum interest compounded annually. Determine the future value of the investment at the end of 5 years (annuity due).
1.6 You invest R20000 at the end of each year into a savings account yielding a 10% per annum interest compounded annually. Determine the future value of the investment at the end of 5 years (ordinary annuity).
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