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The following parts to this question are unrelated. All are compulsory. A) If a principal amount of $5,000 is invested at a 1.95% interest compounded
The following parts to this question are unrelated. All are compulsory.
A) If a principal amount of $5,000 is invested at a 1.95% interest compounded per annum, for 6 years, what is the future value of this investment?
B) If a principal amount of $1.2 million is invested for 4 years at 2% interest compounded per annum, what is the future value of this investment?
C) Calculate the annual percentage rate for an investment that offers a monthly interest rate of 0.075%.
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