charmaineuh charmaineuh

23-09-2022
Mathematics

Answered

The following investment opportunities are available for an amount between
R5 000 and R10 000 that you want to invest:
• Option 1: 8,2% p.a. compounded monthly
• Option 2: 8,3% p.a. compounded quarterly.
Determine which of the two options would provide you with the best return
on your investment over a period of 5 years.

Answer :

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