Jack has visited his local bank. He has R 1 500 000 to invest, but have been offered 3 different investment rates:
– 12% Compounded Annually
– 11.45% Compounded Quarterly
– 11.5% Compounded Monthly

Which interest rate option should he select if he plans to invest for 3 years?

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.

Jack has visited his local bank. He has R 1 500 000 to invest, but have been offered 3 different investment rates:
– 12% Compounded Annually
– 11.45% Compounded Quarterly
– 11.5% Compounded Monthly

Which interest rate option should he select if he plans to invest for 3 years?

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