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Investec has offered young entrepreneurs an opportunity to invest with their money market division at 15% per annum for a minimum of 5 years SIMPLE

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Investec has offered young entrepreneurs an opportunity to invest with their money market division at 15% per annum for a minimum of 5 years SIMPLE INTEREST. Joan Botha decides to take working capital for her sewing business in Edenvale. How much will she pay back in total if she borrows R35 000 for the maximum period of 5 years. An investment with Old Mutual Asset Managers (OMAM) will be worth R49 912,50 if invested for 3 years at a rate of 10% compounded annually. What is the present value of the investment

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