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5. Company A sold old machinery for 200.000 Lira and decided to put this amount in a term deposit, which pays 12% annually. A) Calculate
5. Company A sold old machinery for 200.000 Lira and decided to put this amount in a term deposit, which pays 12% annually. A) Calculate the amount of money that Company A will receive after 2 years of deposit compounded annually. (3p) B) Recalculate the result for part A if the bank offers 12% annual rate but compounded quarterly (that is, interest is calculated for every 3 months based on 12% annual rate) (3p)
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