Math Problem Statement
What single amount can be invested on 01/03/2020, instead of R1930 at the beginning of every 3month period, for exactly 3 years (the first investment is made on 01/03/2020), if interest is earned at a rate of 10.384% per year? (Give your answer rounded to 2 decimal places. If you think the answer is R1012.3456, type in 1012.35)
Solution
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Math Problem Analysis
Mathematical Concepts
Finance
Present Value
Annuities
Interest Rates
Formulas
Present Value of an Annuity
Theorems

Suitable Grade Level
College Level
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