d. Ja d. 1

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
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d. Jackline plans to start her small family business in ten years' time. She has decided to
deposit Sh.200,000 at the end of each year for 10 years in a savings account earning
10% per annum.
1
Transcribed Image Text:d. Jackline plans to start her small family business in ten years' time. She has decided to deposit Sh.200,000 at the end of each year for 10 years in a savings account earning 10% per annum. 1
Required:
i. Compute the total amount of money in the savings account at the end of the ten years?
ii.
How much will she have at the end of the ten years if she decides to deposit 200,000 at
the beginning of each year in the same account?
Transcribed Image Text:Required: i. Compute the total amount of money in the savings account at the end of the ten years? ii. How much will she have at the end of the ten years if she decides to deposit 200,000 at the beginning of each year in the same account?
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