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[D] (i) A man invested $120,000 in a bank fixed deposit account for a period of 5 years at a simple interest of 10% per
[D] (i) A man invested $120,000 in a bank fixed deposit account for a period of 5 years at a simple interest of 10% per annum. What is the simple interest earned in the 5 years? What is the future value of his investment at the end of the 5 years? (3 marks) (ii) A Woman invested $120,000 in a bank fixed deposit account for a period of 5 years at a compound interest of 10% per annum. What is the compound interest earned in the 5 years? What is the future value of his investment at the end of the 5 years
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