What the value of the rand depreciates

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Question 1: An investor places a sum of R100 000 in a US dollar denominated overseas fixed interest investment earning 6% p.a. compound for a one-year, and "repatriates" the investment with the interest at the end of the year. During the year period, the value of the Rand depreciates from R7, 01 per Dollar to R7, 29 per Dollar

Reference no: EM132601130

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