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4 points School fees at a certain school are due at the beginning of the year. The fees are set at R 10000 for the
4 points School fees at a certain school are due at the beginning of the year. The fees are set at R 10000 for the year in 2019 and will increase each year at a rate of 10% p.a. In order to fund all twelve years of a child's schooling at this school, an amount of R type your answer... (rounded to the nearest cent) must be deposited into an account that earns interest at a rate of 9,4% p.a. compounded monthly, at the beginning of 2018
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