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
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 24PROB
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6ac1c821-0928-4803-8568-960bd5fe4ac0%2Fd50b61bd-d510-4536-938e-7d48295129eb%2Fjdgrha5_processed.jpeg&w=3840&q=75)
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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