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R200 is paid into a sinking fund every month for five years, starting immediately. Sixty payments are made altogether. Interest is 18% p.a. compounded monthly. Calculate the value of the fund at the end of 5 years.

R200 is paid into a sinking fund every month for five years, starting immediately. Sixty payments are made altogether. Interest is 18% p.a. compounded monthly. Calculate the value of the fund at the end of 5 years.

R200 is paid into a sinking fund every month for five years, starting immediately. Sixty payments are made altogether. Interest is 18% p.a. compounded monthly. Calculate the value of the fund at the end of 5 years.

R200 is paid into a sinking fund every month for five years, starting immediately. Sixty payments are made altogether. Interest is 18% p.a. compounded monthly. Calculate the value of the fund at the end of 5 years.

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