Question 1140160

john invested $20 000 on 1/06/2009 at 9% p.a. interest compounded monthly. 
a) what is the value of the investment by 1/06/2019
b) If he only takes the interest earned on this investment on this date and invests this at 10.5% p.a. (compounded continuously), how much can he expect back by 1/06/2025
<pre>Correct answers: {{{highlight_green(matrix(2,2, "a)", "$49,027.14", "b)", "$54,501.66"))}}}