Rod is saving for a holiday. He deposits $3600 into an account at the end of every year for four years. The account pays 5% per annum interest, compounding annually.
The table shows future values of an annuity of $1.
- Use the table to find the value of Rod’s investment at the end of four years. (2 marks)
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- How much interest does Rod earn on his investment over the four years? (2 marks)
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