Question

Paul is going to join a three-year investment plan which gives him an annual return of
8%. He will invest $150,000 at the end of each of the next three years in the plan
(a) How much will Paul get at the end of Year 3?
(2 marks
(b) Assume Paul invests the money on the first day of each year. What is the total
amount at the end of Year 3?
3 marks
25. John asks Richard to join an investment plan with an initial outlay of $100.000. The plan​

Answer 1

Answer:

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