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17. You are comparing the following investments: R2O 000 in a savings account with ABSA at rate of 6,5% per year for 5 years; A

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17. You are comparing the following investments: R2O 000 in a savings account with ABSA at rate of 6,5% per year for 5 years; A call account of R20 000 with Saambou at 6,2% per ye compounded monthly for 2 years; or a fixed deposit of R20 000 with NBS at 6,4% compounded quarterly for 5 years. Which option will you choose to invest R20 000 in? Calculate the future value of fixed monthly payments of R200 for 10 years. The nominal rate is 1,4% per month

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