Carl wants to start saving towards a holiday in six years time, he has decided that he will invest in a savings account that earns interest at 10% compounded annually . He knows the holiday will cost him R45 000. He will increase his contributions by 7% every year. How much should Carl start saving monthly?

Thandi requires R 100 000 in 4 years.
She can invest in a fund that earns an average rate of return of 10% annually and she can start investing R 18 000 in the first year?
How much does she need to escalate the initial investment by to achieve her goal.

Thandi requires R 100 000 in 4 years.
She can invest in a fund that earns an average rate of return of 10% annually and she can start investing R 18 000 in the first year?
How much does she need to escalate the initial investment by to achieve her goal.

Carl wants to start saving towards a holiday in six years time, he has decided that he will invest in a savings account that earns interest at 10% compounded annually . He knows the holiday will cost him R45 000. He will increase his contributions by 7% every year. How much should Carl start saving monthly?

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