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April 19, 2014

Homework Help: MatHematics

Posted by Nomuntle...Mphela on Friday, August 16, 2013 at 12:02pm.

After a 20 year period Josh's lump sum investment matures to an amount of R313550. How much did he invest if his money earned interest at a rate of 13,65% p.a compounded half yearly for the first 10years ,8,4% p.a compounded quarterly for the next five years and 7.2 p.a compounded monthly for the remaining period?

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