Question
A child is given a savings account with 2000. A further 500 is deposited in the account at the end of each year. Assuming an
A child is given a savings account with 2000. A further 500 is deposited in the account at the end of each year. Assuming an annual interest rate of 6%, calculate the value of the account i. at the end of 10 years, [2 marks] ii. at the end of 20 years. [2 marks]
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Handbook Of Hedge Funds
Authors: François-Serge Lhabitant
1st Edition
0470026634, 978-0470026632
