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How much will they have in three years

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Reference no: EM133234228

Question 1

ABC Pty has excess profit and is considering investing for three years. The investment plan is as follows:

  • R1 500 000 in one year
  • R2 500 000 in two years
  • R300 000 in three years

ABC Pty require an average of 8 % interest rate throughout.

Required:

1. How much will they have in three years?

2. How much of this will it be an interest?

3. How much will they have in five years?

Reference no: EM133234228

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