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In seven years' time, Johnny and Co want to invest in a joint venture with a Japanese company on a project in South Africa. The
In seven years' time, Johnny and Co want to invest in a joint venture with a Japanese company on a project in South Africa. The estimated value of the project is R How much do they need to set aside if the bank offers them an interest rate of compounded semiannually at the end of the year? a R b R C R d R 
In seven years' time, Johnny and Co want to invest in a joint venture with a Japanese company on a project in South Africa. The estimated value of the project is R How much do they need to set aside if the bank offers them an interest rate of compounded semiannually at the end of the year?
a
R
b
R
C
R
d
R
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