1.1 Suppose you received R1000 from your grandparents on your 18th birthday, which was 17 years ago. You put it in a savings account at a measly fixed rate of 4,5% per year and forgot all about it until now. What should the account balance be now?
1.1 Suppose you received R1000 from your grandparents on your 18th birthday, which was 17 years ago. You put it in a savings account at a measly fixed rate of 4,5% per year and forgot all about it until now. What should the account balance be now?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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