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(b) Using excel, compute and answer the following questions (show workings): (i) The amount to which $ 217,500 deposited in a bank, earning an interest
(b) Using excel, compute and answer the following questions (show workings): (i) The amount to which $ 217,500 deposited in a bank, earning an interest of 16% per annum will grow to over a period of five (5) years. (2 Marks) (ii) The period it will take for an amount of $ 90,250 to grow to $ 150,000 at maturity if invested today at 10% return p.a. (2 Marks) (iii) The present value of an amount of $3,750 received semi-annually at the beginning of each period over a period of 4 (four) years discounted at 15% p. a. (2 Marks)
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