- 10 Marks
Question
Kwabena was able to recover GH¢150,000 out of GH¢200,000 invested in the Savings and Loans Company. How much money should he invest at a return of 6% per annum so as to earn an annual income of GH¢15,000 for a period of 10 years? (10 marks)
Answer

= 15000(7.36) = GHS 110,400.00
- Tags: Annual Income, Discounting, Investment, Present Value
- Level: Level 1
- Topic: Mathematics of Business Finance
- Series: NOV 2018
- Uploader: Kwame Aikins