yeal4. Find A, if P-764,000, R7.5 % pa. and T1 year, compounded every – InterviewSolution

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yeal4. Find A, if P-764,000, R7.5 % pa. and T1 year, compounded every four months.

Answer»

A = 64000(1+7.5/300)(1+7.5/300)(1+7.5/300) = 64000(1+0.025)(1+0.025)(1+0.025) = 68921

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