Michael deposits R10 000 into a savings account. At the end of each year thereafter, he deposits R10 000 into the account and continue to do this for twenty years . Interest is 18% per annum effective. Calculate the future value of his investment at the end of the twenty-year period.

Question

20-06-2024
Mathematics

Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Discover in-depth solutions to your questions from a wide range of experts on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Michael deposits R10 000 into a savings account. At the end of each year thereafter, he deposits R10 000 into the account and continue to do this for twenty years . Interest is 18% per annum effective. Calculate the future value of his investment at the end of the twenty-year period.

Sagot :

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.

How were monks and friars similar? How were they different?

The population of a city is expected to increase by 7.5% next year. If p represents the current population, which expression represents the expected population

show me the steps to (3x+3)-(4x+8)=

What was the defining moment for the start of WWI?

you paint 1/2 wall in 1/4 hour at rate how long will it take you you to paint one wall

Amit and Tiana simplified the expression -4 [8 + (-6) +3] in different ways Amit`s first step was to add the three numbers within the brackets. Tiana`s first st

find the volume of a square pyramid with height 15m and slant height 27 m

WHAT IS 24 DIVIDED BY 48 WITH WORK PLEASE

how many strands does a DNA molecule have?

show me the steps to (3x+3)-(4x+8)=

Michael deposits R10 000 into a savings account. At the end of each year thereafter, he deposits R10 000 into the account and continue to do this for twenty years . Interest is 18% per annum effective. Calculate the future value of his investment at the end of the twenty-year period.

Sagot :

Other Questions