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Hi, it will be my pleasure if you can step by step to help me complete b and c. 1 C D G H J
Hi, it will be my pleasure if you can step by step to help me complete b and c.
1 C D G H J K L M N On 1 March 2018 an investor deposits R65,000 into a savings account which earns interest at a rate of 6.62% per year, compounded quarterly. The investor decides to invest an additional amount of R764 at the end of each month into the savings account. The monthly investments will be made for a total of 8 years. Fill in the given table and show (on the table) when the investor would have tripled his initial investment. (Colour the date.) b Test your answer in a by calculating how long it will take the investor to triple his initial investment. (Use the formulas in your studyguide to calculate the answer.) Assume now that the investor wants to double his initial investment in 3.75 years. Calculate the monthly payment necessary to achieve this. a C Rentekoers / Interest Rate Aanvanklike Belegging / Initial Investment 19- Maandelikse Belegging / Monthly Investment Eindbedrag (Verdriedubbeld) / Final Value (Tripled) Aantal Periodes / Number of Periods C Rentekoers / Interest Rate Aanvanklike Belegging / Initial Investment Eindbedrag (Verdubbeld) / Final Value (Doubled) [p = i = Aantal Periodes / Number of Periods p = Maandelikse Paaiement / Monthly Investment 1 C D G H J K L M N On 1 March 2018 an investor deposits R65,000 into a savings account which earns interest at a rate of 6.62% per year, compounded quarterly. The investor decides to invest an additional amount of R764 at the end of each month into the savings account. The monthly investments will be made for a total of 8 years. Fill in the given table and show (on the table) when the investor would have tripled his initial investment. (Colour the date.) b Test your answer in a by calculating how long it will take the investor to triple his initial investment. (Use the formulas in your studyguide to calculate the answer.) Assume now that the investor wants to double his initial investment in 3.75 years. Calculate the monthly payment necessary to achieve this. a C Rentekoers / Interest Rate Aanvanklike Belegging / Initial Investment 19- Maandelikse Belegging / Monthly Investment Eindbedrag (Verdriedubbeld) / Final Value (Tripled) Aantal Periodes / Number of Periods C Rentekoers / Interest Rate Aanvanklike Belegging / Initial Investment Eindbedrag (Verdubbeld) / Final Value (Doubled) [p = i = Aantal Periodes / Number of Periods p = Maandelikse Paaiement / Monthly Investment
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