SOLUTION: Determine the sum to be invested for 4 years at 12.5% per annum compounded monthly to amount N$65000 at the end of investment

Question 1092641: Determine the sum to be invested for 4 years at 12.5% per annum compounded monthly to amount N$65000 at the end of investment
Found 2 solutions by addingup, MathTherapy:
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
P(1+(0.125/12))^(4*12) = 65000
P*1.644 = 65000
P = 39537.71
Answer by MathTherapy(10555) (Show Source): You can put this solution on YOUR website!

Determine the sum to be invested for 4 years at 12.5% per annum compounded monthly to amount N$65000 at the end of investment

Correct answer:
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