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An investor makes 10 consecutive annual deposits of S.R. 1,500,000 in a saving account that pays interest at a rate of 10% compounded quarterly in
An investor makes 10 consecutive annual deposits of S.R. 1,500,000 in a saving account that pays interest at a rate of 10% compounded quarterly in the first 5 years and 12 compounded monthly for the next 5 years: (a) How much of the money will be in the account 5 years after the last deposit? Draw the cash flow. (2.5 marks)
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