Question
Paul has made a decision to invest Kshs 600,000 every year for a period of 15 years. If the annual interest is 12% p.a. for
Paul has made a decision to invest Kshs 600,000 every year for a period of 15 years. If the annual interest is 12% p.a. for the first 8 years and then 10 % for the remaining 7years determine the total amount receivable after 12 years.
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To find the total amount receivable after 12 years we can use the future value of an ordinary annuit...
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
