Question
Use this formula to find A:
A = PR^n -[Q (R^n - 1)/(R - 1).
Use the following information to find A:
P = K15 000
Q = K250
Interest rate p.a. = 8.5%
Compounded = Quarterly
Years = 10
A = PR^n -[Q (R^n - 1)/(R - 1).
Use the following information to find A:
P = K15 000
Q = K250
Interest rate p.a. = 8.5%
Compounded = Quarterly
Years = 10
Answers
Answer
If the interest rate p.a. is 8.5%, then R = 1 + (8.5/100). Now solve for A
Answer
How did you get 2.45838919774
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