Page 1 of 1
Mr C] needs a financial product to provide cash in the future: R10 000 at the end of the first year; R12 000 at the end
Posted: Sun Apr 17, 2022 6:55 pm
by answerhappygod
- Mr C Needs A Financial Product To Provide Cash In The Future R10 000 At The End Of The First Year R12 000 At The End 1 (22.75 KiB) Viewed 34 times
Mr C] needs a financial product to provide cash in the future: R10 000 at the end of the first year; R12 000 at the end of the second year; R15 000 at the end of the third year and R20 000 at the end of the fourth year. The applicable interest is 10% per annum, compounded monthly. 2.3 In relation to Scenario 3, how much should C) pay today for the financial product that allows him to receive the future amounts listed? (5)