Starratt Alexander is currently considering investing specified amount in each of four in vestment opportunities described below. For each opportunity, determine the amount of money starratt that will have at the end of the given investment horizon Investment A: invest a lump sum of R2750 today in an account that pays 6% annual interest and leave the funds on deposit for exactly 15 years. Investment B: invest the following amount at the beginning of each of the next five years in a venture that will earn 9% annually and measure the accumulated value at the end of exactly 5%: Beginning of the year amount 1 R 900 2 R 1000 3 R 1200 4 R 1500 5 R 1800 Investment C: invest R 1200 at the end of each year in an account that pays 10% annual interest and leave, and determine the account balance at the end of year 10. Investment D: make the same investment as in investment C but place the R1200 in the account at the beginning of each year.
Starratt Alexander is currently considering investing specified amount in each of four in vestment opportunities described below. For each opportunity, determine the amount of money starratt that will have at the end of the given investment horizon
Investment A: invest a lump sum of R2750 today in an account that pays 6% annual interest and leave the funds on deposit for exactly 15 years.
Investment B: invest the following amount at the beginning of each of the next five years in a venture that will earn 9% annually and measure the accumulated value at the end of exactly 5%:
Beginning of the year amount
1 R 900
2 R 1000
3 R 1200
4 R 1500
5 R 1800
Investment C: invest R 1200 at the end of each year in an account that pays 10% annual interest and leave, and determine the account balance at the end of year 10.
Investment D: make the same investment as in investment C but place the R1200 in the account at the beginning of each year.
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