Question
At an entrepreneurial event you recently attended, investment was one of the critical topics. You intend to take the initiative and invest R2 000 at
At an entrepreneurial event you recently attended, investment was one of the critical topics. You intend to take the initiative and invest R2 000 at the end of each month for ten (10) years to buy your first rental property. If the interest on your investment is 8% per annum, how much should you have at the end of 10 years?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the future value of your investment you can use the formula for compound interest FV P...
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Step: 2
Step: 3
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
