Mercy has invested sh100000 in a bank which earns interest, Financial Management

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Mercy has invested sh100000 in a bank which earns interest

Mercy has invested sh100,000 in a bank which earns interest at the rate of 16%.If he invests for four years calculate the future value of this amount if interest is paid (i) semi annually (ii) quarterly (iii) After every four months (iv) weekly (v)annually

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Financial Management: Mercy has invested sh100000 in a bank which earns interest

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Financial Management: Mercy has invested sh100000 in a bank which earns interest

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