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Answer to Question #80911 in Financial Math for Ratsoane
Question #80911
Petro invests R24000.00 in an investment fund that offers an interest rate of 10% per annum compounded yearly. After 4 years, he withdraws R18000.00 to pay for security system. After a further 2 years he decides to withdraw the remaining amount. How much will this be?
(Hint: Use a time-line).
(Hint: Use a time-line).
Expert's answer
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