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1. Your younger brother knows that you studied personal finance in university and has some assignment questions with which he needs your assistance. a) An
1. Your younger brother knows that you studied personal finance in university and has some assignment questions with which he needs your assistance. a) An account has $33,629.70 after 7 years earning 5% per annum. What was the starting amount in the account if no other deposits or withdrawal were made on the account? [5 marks] you deposit $18,500 in a bank account that earns 9% per annum, what would be the accumulated amount after 12 years. [5 marks]
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