Mathematics
Mathematics, 06.04.2021 14:30, prin30004

Paul pays R3 000 into an eight-year savings account at the end of each month starting three months after his decision to start saving. The interest is
18% per annum compounded monthly. If the investment period, starting
from his decision to start saving, is eight years, calculate the future value of
the investment at the end of the eighth year.

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Answers: 3

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Paul pays R3 000 into an eight-year savings account at the end of each month starting three months...

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