Question
Thabo wants to have R2 000 000 after 8 years of annual savings. How much must he save every year if the expected return of
Thabo wants to have R2 000 000 after 8 years of annual savings.
How much must he save every year if the expected return of the investment is an annual interest rate of 13% compounded annually?
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To calculate how much Thabo must save every year we can use the f...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
