Elliott Black
02/28/2024 · Senior High School
Mr Pretorius starts an investment with a deposit of R60 000 . Three years later he deposits another R40 000. Exactly 4 years after he started the investment, he withdraws R15 000 . F the first 3 years, interest is calculated at 5,5\% p.a. compounded semi-annually and thereafte it is calculated at \( 6 \% \) p.a, compounded quarterly. What is the value of the investment exactl 5 years after the first deposit?
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The value of the investment 5 years after the first deposit is approximately R108,000.00.
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