John invests R50 000 at FS bank for 5 years. He gets an interest rate of 7,2% per annum compounded half-yearly. After 18 months, he withdraws R10 000 from the investment. 30 months after this, he deposits R20 000 into the investment account. Calculate the value of John's investment at the end of the 5-year period.
John invests R50 000 at FS bank for 5 years. He gets an interest rate of 7,2% per annum compounded half-yearly. After 18 months, he withdraws R10 000 from the investment. 30 months after this, he deposits R20 000 into the investment account. Calculate the value of John's investment at the end of the 5-year period.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
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John invests R50 000 at FS bank for 5 years. He gets an interest rate of 7,2% per annum compounded half-yearly. After 18 months, he withdraws R10 000 from the investment. 30 months after this, he deposits R20 000 into the investment account. Calculate the value of John's investment at the end of the 5-year period.
Transcribed Image Text:1.2 John invests R50 000 at FS bank for 5 years. He gets an interest rate of 7,2% per
annum compounded half-yearly. After 18 months, he withdraws R10 000 from the
investment. 30 months after this, he deposits R20 000 into the investment account.
Calculate the value of John's investment at the end of the 5-year period.
(4)
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