Question
On 1 August 2013 Sipho Pele made a deposit of R13 500 at Gabsa Bank. As he is planning to travel to the Falkland Islands
On 1 August 2013 Sipho Pele made a deposit of R13 500 at Gabsa Bank. As he is planning to travel to the Falkland Islands on 1 August 2017, he plans to make four equal annual deposits in total (including the deposit made on 1 August 2013). Gabsa Bank offered him a nominal interest rate of 5% per annum, compounded quarterly.
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Quantitative Financial Analytics The Path To Investment Profits
Authors: Edward E Williams, John A Dobelman
1st Edition
9813224258, 978-9813224254
