1.2. What principle amount will yield to R3000 if invested at 6.5% compounded weekly for 4 years? 1.3. At 3% annual interest compounded monthly, how long will it take to double your amount? 1.4. How long it will take R50000 saving to grow to R100000 at 3%.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 14EA: How much must be invested now to receive $30,000 for 10 years if the first $30.000 is received one...
icon
Related questions
Question

1.2. What principle amount will yield to R3000 if invested at 6.5% compounded weekly for 4 years?

1.3. At 3% annual interest compounded monthly, how long will it take to double your amount?

1.4. How long it will take R50000 saving to grow to R100000 at 3%.

Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Future Value
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College