Sinazo inherits R63 000 months, and it is then increased to 14,2% p.a. compounded quarterly. At the end has in his savings account at the end of 5 years. OAR151 853,11 OB.R104 853,11 OCR150 448,66 D147 841 8
Sinazo inherits R63 000 months, and it is then increased to 14,2% p.a. compounded quarterly. At the end has in his savings account at the end of 5 years. OAR151 853,11 OB.R104 853,11 OCR150 448,66 D147 841 8
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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Transcribed Image Text:Question 13
Sinazo inherits R65 000 from her mother. She invests the money in a savings account. The interest rate is 12,5% p.a. compounded monthly for 18
months, and it is then increased to 14,2% p.a. compounded quarterly. At the end of 2 years he deposits R15 000. Calculate how much money she
has in his savings account at the end of 5 years.
OA.R151 853,11
OB. R104 853,11
OC.R150 448,66
OD.R143 841,82
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