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Question ? How many years will take for an investment of 57.500 to grow to $2.000 is invested w a lly? At what rate of
Question ? How many years will take for an investment of 57.500 to grow to $2.000 is invested w a lly? At what rate of interest mest you savings of $10,000 he compounded annually for it to grow to 52.000 in years? 12.5-25-5 marks) a lot of 100AED on 5 years. The interest rate is 2% compounded Construct an amortization schedule for the loan repayment (5 Marks) al Question 2 i. How many years will it take for an investment of $7,500 to grow to $23,000 if it is invested at 8% annually? At what rate of interest must your savings of $10,000 be compounded annually for it to grow to $22,000 in 8 years? (2.5+2.5-5 marks)
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