Question 7 Not yet answered Marked out of 2 Flag question Monique Ebersohn deposits R 25000 into a bank account which is paying 8% interest per year, compounded 2 times per year. How much will she have accumulated in the account in 8 years' time? Completion instructions. If applicable round to two decimal places for example R 245.567 is written as 245.57. Do not use the rand symbol in your answer and do not enter a minus (-).
Question 7 Not yet answered Marked out of 2 Flag question Monique Ebersohn deposits R 25000 into a bank account which is paying 8% interest per year, compounded 2 times per year. How much will she have accumulated in the account in 8 years' time? Completion instructions. If applicable round to two decimal places for example R 245.567 is written as 245.57. Do not use the rand symbol in your answer and do not enter a minus (-).
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 2STP
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![Question 7
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Monique Ebersohn deposits R 25000 into a bank account which is paying 8% interest per year,
compounded 2 times per year.
How much will she have accumulated in the account in 8 years' time?
Completion instructions.
If applicable round to two decimal places for example R 245.567 is written as 245.57. Do not use the
rand symbol in your answer and do not enter a minus (-).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9239bd3d-ff76-4bd6-8989-c7220df801f6%2Fe75ba278-9f5f-425c-b577-40d849427153%2Fu5ut2vs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 7
Not yet
answered
Marked out of 2
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Monique Ebersohn deposits R 25000 into a bank account which is paying 8% interest per year,
compounded 2 times per year.
How much will she have accumulated in the account in 8 years' time?
Completion instructions.
If applicable round to two decimal places for example R 245.567 is written as 245.57. Do not use the
rand symbol in your answer and do not enter a minus (-).
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