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Motseko would like to invest R80 000 at the end of each year at an annual compo...
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Motseko would like to invest R80 000 at the end of each year at an annual compound interest rate of 15%. Determine the value of the investment after five years by using the mathematical formula. Set your calculator to four decimal places and round your final answer to the nearest rand. Slight rounding differences may occur - choose the alternative that is closest to your answer.
(a) R367 445
(b) R539 416
(c) R 53 942
(d) R 80
912
0%
0%
100%
0%