Compute the compounding sum at the end

Reference no: EM133251559

Question - An investor can get an annual interest rate of 12% on a deposit in the bank. Assume the investor deposited Shs15, 000. Compute the compounding sum at the end of the 5th year, if compounding occurs: (i) Annually (ii) Semi-Annually (iii) Quarterly (iv) Continuously.

Reference no: EM133251559

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