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Supposed Ahmed lends BD1,000 for 4 years at 12% per year simple interest. At the end of the 4 years, he invests the entire amount
Supposed Ahmed lends BD1,000 for 4 years at 12% per year simple interest. At the end of the 4 years, he invests the entire amount which he then has for 10 years at 8% interest per year, compounded annually. How much money will Ahmed have at the end of the 14 years period? Juls have decided to put BD15000 in a saving account that pays him 14% interest, compounding annually. Calculate the amount after 12 years if there is an on going inflation rate of 6% throughout the duration of his saving
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