How much money must stemmer invest if he wants to buy a bicycle in cash after 5 years? The bank offers him an interest rate of 8.8% compounded yearly. He needs R6600 at the end of the period to buy the bicycle.

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08-03-2021
Mathematics

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How much money must stemmer invest if he wants to buy a bicycle in cash after 5 years? The bank offers him an interest rate of 8.8% compounded yearly. He needs R6600 at the end of the period to buy the bicycle.

Sagot :

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