Question
6.10.54 Mbimbi would like to have N$52000 after 15 years and 3 months to pay his daughter's university fees. He is considering four investment
6.10.54 Mbimbi would like to have N$52000 after 15 years and 3 months to pay his daughter's university fees. He is considering four investment options; (i) a single investment (interest compounded continuously) (ii) an investment at the end of each month (iii) an investment at the beginning of each month (iv) an investment at the beginning of each year Find the different investment amounts using a nominal interest rate of 9% pa. Option (i) N$ Option (ii) N$ per month Option (iii) N$ per month Option (iv) N$ per year
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