Lesiba invests an amount of money in an a ount earning 13,88% interest per year, ompounded weekly. After five years, this amount has a umulated to R50 000. The amount that was invested initially is [1] R26 105,54. [2] R15 300,00. [3] R29 515,94. [4] R25 001,79. [5] R34 700,00.
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Lesiba invests an amount of money in an a ount earning 13,88% interest per year, ompounded weekly. After five years, this amount has a umulated to R50 000. The amount that was invested initially is
[1] R26 105,54.
[2] R15 300,00.
[3] R29 515,94.
[4] R25 001,79.
[5] R34 700,00.
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