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Question 5 Suppose that your bank is paying an annual interest rate of 6%: i. What is the future value of R10000 after 1

Question 5 Suppose that your bank is paying an annual interest rate of 6%: i. What is the future value of R10000 after 1 year? (2 Marks) ii. iii. iv. What is the future Value of R10000 after 1 year if interest is compounded biannually? (2 Marks) What is the future value of R10000 after 1 year if interest is compounded quarterly? (2 Marks) What is the future value of R10000 after 1 year if interest is compounded monthly? (2 Marks)

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