What is the future value of a R 75 000 deposit made every 6 months for 3 years using an annual rate of 10% compounded semi-annua
lly?
1 answer:
Answer:
The future value is: RS 132867.075
Step-by-step explanation:
Given
--- present value
--- annual rate
--- number of times compounded (3 years/ 6 months)
Required
The future value
This is calculated as:





<em>Hence, the future value is: RS 132867.075</em>
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