How much is now in that account

Reference no: EM132179828

Question - Joshua saved every month R200 into an account that yields 8.5% p.a. compounded monthly as from 25 November 2001. He also deposited annually R25 000 of his 13th cheque into that account on the 25th of October, the month of his birthday. It is today, September 26, 2018. How much is now in that account? You can use excel to show all the calculations.

Reference no: EM132179828

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