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Bokamoso deposited R300 000 in an investment account at an interest rate of 10% per annum compounded quarterly during the first four years and then
Bokamoso deposited R300 000 in an investment account at an interest rate of 10% per annum compounded quarterly during the first four years and then 10,5% per annum compounded half-yearly for the next two years. At the end of the first year, Bokamoso deposited R20 000 into the account. He then withdrew R40 000 four years after the initial investment. 1.3.1 1.3.2 Draw a timeline for the investment showing all deposits, withdrawals and interest rates in each interval. Calculate the value of the investment at the end of six years. (4) (6)
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