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Suppose John deposited an amount of R600 at the end of every month into an account earning 6% interest per year, compounded monthly over a period of 3 years. Determine the accumulated amount John will receive at the end 3 years.
Before the pay-out period begins, the annuity is in the _____.
Calculate the accumulated amount after 3 years, if R6 000 is invested at an interest rate of 10% compounded quarterly?
Suppose you invest R14 000 at a simple interest rate of 12% per year. What would be the value of the accumulated amount after 6 years.
How much simple interest is payable on a loan of R35 000, borrowed for a period of 22 months at a simple interest rate of 10% per year?
An amount of R27 000 is invested in a fund that pays 11,15% simple interest per year. The total amount in this fund after 129 months will equal _________.
When using the compound interest formula, how do you find the interest?
The slope of the line joining points and is . Determine the value of .
Determine the equation of a straight-line that passes through two points and .
Find the equation of the straight line with slope passing through .