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For four years Jakie paid R4 500 per month into a savings amount earning 6,9% interest per year, compounded monthly. She then stopped her monthly
For four years Jakie paid R4 500 per month into a savings amount earning 6,9% interest per year, compounded monthly. She then stopped her monthly payments, but left the money in the amount to earn more interest. It still earned 6,9% interest per year, but at that time the compounding periods changed to quarterly. The balance in the account 10 years after she stopped her monthly payments, is A. R373 185,53. B. R491 413,14 C. R247 935,56. D. R216 000,00
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