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Grade 11 Financial Math: Deposits and Withdrawals (TIMELINE 1)
Автор: Living The Dream Academy
Загружено: 2024-04-03
Просмотров: 1641
Описание: In this video, we calculate the growth of Mrs. Mkhize's savings over 5 years with an interest rate of 7.5% per annum compounded monthly. Mrs. Mkhize initially deposits R12,000 into her savings account and adds an additional R6,000 after two years. Join us as we use the compound interest formula to determine how much she will have in her account after 5 years, showcasing the power of regular contributions and compounding in wealth accumulation.
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