Answer to Question #333585 in Financial Math for Trevor

Question #333585

Calculate the accumulated amount after 3 years, if R5 000 is invested at an interest rate of 10%

compounded quarterly?

Expert's answer

Answer in progress...

Learn more about our help with Assignments: Math

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Suppose you invest R10 000 at a simple interest rate of 12% per year. What would be the value of the
2. How much simple interest is payable on a loan of R40 000, borrowed for a period of 22 months at a si
3. Marves wants to have a total of N$4500 in two years so he can take a trip to Harare. He finds an ac
4. How long will it take for P10,000 to accumulate to P16,000 at 12% compounded quarterly?
5. Find the rate of interest compounded bimonthly of investment amounting to P18,000 which accumulates
6. . Find the present value of P36,000 due in 5 years if money is worth 10% compounded semi-annually?
7. . To what sum of money will P80,000 accumulate in 2 years at 6% compounded annually?