SOLUTION: thomas invested r12650 at an interest rate of 5,8% compounnded yearly in a savings account so that he has enough money to pay for his sons educationn. how much will he have at the

SOLUTION: thomas invested r12650 at an interest rate of 5,8% compounnded yearly in a savings account so that he has enough money to pay for his sons educationn. how much will he have at the

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Question 953064: thomas invested r12650 at an interest rate of 5,8% compounnded yearly in a savings account so that he has enough money to pay for his sons educationn. how much will he have at the end of 2 years??
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=12650(1.058)^2
FV=12650(1.119364)
FV=14159.95
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