Five regular equal quarterly deposits of R1200 are made into a savings account that earns interest at a rate of 8% p.a.
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
Five regular equal quarterly deposits of R1200 are made into a savings account that earns interest at a rate of 8% p.a.
Five regular equal quarterly deposits of R1200 are made into a savings account that earns interest at a rate of 8% p.a. compounded continuously. The amount in the account at the time of the last deposit of R1200 is equal to R type your answer... rounded to the nearest cent.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!