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QUESTION 4 Amy makes a deposit of R 20 000 in her bank account. The deposit is to earn an interest of 10 % for 5 years. 4.1. Calculate how much will Amy have in her account after 5 years 4.2. Calculate the present value of R100 000 received in five years, discount at the rate of 10%

QUESTION 4 Amy makes a deposit of R 20 000 in her bank account. The deposit is to earn an interest of 10 % for 5 years. 4.1. Calculate how much will Amy have in her account after 5 years 4.2. Calculate the present value of R100 000 received in five years, discount at the rate of 10%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QUESTION 4 Amy makes a deposit of R 20 000 in her bank account. The deposit is to earn an interest of 10 % for 5 years. 4.1. Calculate how much will Amy have in her account after 5 years 4.2. Calculate the present value of R100 000 received in five years, discount at the rate of 10%.
Transcribed Image Text:QUESTION 4 Amy makes a deposit of R 20 000 in her bank account. The deposit is to earn an interest of 10 % for 5 years. 4.1. Calculate how much will Amy have in her account after 5 years 4.2. Calculate the present value of R100 000 received in five years, discount at the rate of 10%.
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