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7.7. Calculate the amount that was invested at a rate of 7.5% per annum, half-yearly compounded, if it yielded R75 500 after 5 years? 7.8.

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7.7. Calculate the amount that was invested at a rate of 7.5% per annum, half-yearly compounded, if it yielded R75 500 after 5 years? 7.8. An investment is worth R234 000 after 10 years at 5.65% per annum, compounded daily (assume 365 days in every year). What is the present value of the investment? [20]

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