Math Problem Statement
How many payments of R2811, at the end of each 4month period, must be made at a rate of 8.358% per year, compounded every 4 months, so as as to accumulate at least R15908?
Solution
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Math Problem Analysis
Mathematical Concepts
Annuities
Compound Interest
Formulas
Future value of an ordinary annuity formula
Theorems

Suitable Grade Level
Adult Learners