FV of an ordinary annuity 6. Mr. Graham is saving $450,000 per year in a savings account that is paying annual compound

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FV of an ordinary annuity 6. Mr. Graham is saving $450,000 per year in a savings account that is paying annual compound

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Fv Of An Ordinary Annuity 6 Mr Graham Is Saving 450 000 Per Year In A Savings Account That Is Paying Annual Compound 1
Fv Of An Ordinary Annuity 6 Mr Graham Is Saving 450 000 Per Year In A Savings Account That Is Paying Annual Compound 1 (26.31 KiB) Viewed 41 times
FV of an ordinary annuity 6. Mr. Graham is saving $450,000 per year in a savings account that is paying annual compound interest of 3%. He intends to continue this for three years after which he will move it to JMMB's long term fund which pays interest of 8% per annum compounded semi-annually. i. How much would he be able to transfer to JMMB after 3 years? (3 marks) ii. How much money will he have at the end of 8 years from today? marks) (3
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