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2. NFSAS informs you that they are giving you a student loan of R10,000 per year for 10 years at an average return of
2. NFSAS informs you that they are giving you a student loan of R10,000 per year for 10 years at an average return of 5.5%. The average future inflation rate is 2% per year. i. The first investment is made immediately. What is NFSAS ending investment balance? (4 Marks) ii. What is its purchasing power in today's Rands? (4 Marks)
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
