Reuben Mahlangu invests quarterly an amount of R50000 over four years at an interest rate of 2% per annum to buy a new car. How much will he have invested after four years?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 10E
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Reuben Mahlangu invests quarterly an amount of R50000 over four years at an interest rate of 2% per annum to buy a new car. How much will he have invested after four years? 

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