Hi Respected john sir, plz help me in the following question. i could't get it at all. The answer is given $ 74116.
$1000 is invested at $105 per annum and the interest is re-invested each year. what is the value of the investment after three years.
i could only understand that question is about to findout future value
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investment appraisal
12y ago#1I don't think you have typed the question properly.
You have written '$1000 is invested at $105 per annum', but that does not make any sense.
Hi john sir,
question was typed correctly. i think question is not correct on the book. Thnk u so much for your kind reply
12y ago#3In that case, the question is certainly not correct in the book.
I have tried to think what the typing error could have been, but I still cannot find a way of getting to their answer.
Sorry :-(
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