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A person lends GHS 155,000 at 8% simple interest for 5 years. At the end of this time the entire amount (principal plus interest) is
A person lends GHS 155,000 at 8% simple interest for 5 years. At the end of this time the entire amount (principal plus interest) is invested at 12% compounded annually for 10years. How much will accumulate at the end of 15 years period. Draw a cash flow diagram for loan and investment situation described above from the viewpoint of person making the loan and the subsequent investment.
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