Question
Holu Huqa Arbale has just bought a scratch lottery ticket and won sh.1,000,000. He wants to finance the future study of his newly born daughter
Holu Huqa Arbale has just bought a scratch lottery ticket and won sh.1,000,000. He wants to finance the future study of his newly born daughter and invests this money in a fund with a maturity of 18 years offering a promising yearly return of 10%. What is the amount available on the 18th birthday of his daughter? (3 marks)
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Financial Management For Nurse Managers And Executives
Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner, Jason Mose
5th Edition
0323415164, 9780323415163
