Question
Brian works overtime to save for a trip around the world. He deposits R2 500 into a savings account every month. He earns an interest
Brian works overtime to save for a trip around the world. He deposits R2 500 into a savings account every month. He earns an interest rate of 5% p.a., compounded quarterly.
REQUIRED:
Calculate how much Brian will have in the account at the end of five years by using the tables below. (4)
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International financial management
Authors: Jeff Madura
12th edition
1133947832, 978-1305195011, 978-1133947837
