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Question 3 10 Marks ABC Pty has excess profit and is considering investing for three years. The investment plan is as follows: R1 500 000
Question 3 10 Marks ABC Pty has excess profit and is considering investing for three years. The investment plan is as follows: R1 500 000 in one year R2 500 000 in two years R300 000 in three years ABC Pty require an average of 8 % interest rate throughout. Required: 3.1. How much will they have in three years? 3.2. How much of this will it be an interest (2) 3.3. How much will they have in five years
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