At the birth of his daughter, Mr Lucas Dalitso Zulu invested K10,000 at 6% p.a. compounded annually. What amount would accrue to her if she left the money invested until she attained the age of: (i) 18 years; (ii) 21 years; (iii) 40 years; and (iv)60 years?
At the birth of his daughter, Mr Lucas Dalitso Zulu invested K10,000 at 6% p.a. compounded annually. What amount would accrue to her if she left the money invested until she attained the age of: (i) 18 years; (ii) 21 years; (iii) 40 years; and (iv)60 years?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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At the birth of his daughter, Mr Lucas Dalitso Zulu invested K10,000 at 6% p.a.
compounded annually. What amount would accrue to her if she left the money
invested until she attained the age of:
(i) 18 years; (ii) 21 years; (iii) 40 years; and (iv)60 years? |
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