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 (-).

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
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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 (-).
Transcribed Image Text: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 (-).
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