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2.2 Mr Usiku invested N$ 6000 in a fixed deposit account with the Global bank for the three years at the rate of interest of
2.2 Mr Usiku invested N$ 6000 in a fixed deposit account with the Global bank for the three years at the rate of interest of 15% p.a. a) How much will Mr Usiku receive upon maturity if interest is compounded bi- annually? b) How much will Mr Usiku receive upon maturity if interest is compounded quarterly?
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