Father promise to give ksh 100000 in cash on 25th birthday. Today is 16th birthday. Wants to

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Father promise to give ksh 100000 in cash on 25th birthday. Today is 16th birthday. Wants to know.a) If he decides to make annual payments into a fund after 1 year, how much will each have to be if the fund pays 8%? b) he decides to invest a lump sum in account after 1 year and let it compound annually, how much will the lump sum be?

Posted Date: Jun 12, 2024 08:04 PM

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Father promise to give ksh 100000 in cash on 25th birthday. Today is 16th birthday. Wants to

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