Question
Rendi invested an amount of money in an account earning 13.88% interest per year, compounded weekly. After five years, this amount has accumulated to R50
Rendi invested an amount of money in an account earning 13.88% interest per year, compounded weekly. After five years, this amount has accumulated to R50 000. The amount that was invested initially is:
- 29 515.94
- 34 700.00
- 15 300.00
- 26 105.54
- 25 001.79
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Get StartedRecommended Textbook for
Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
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