solution

R250 000 is invested for a period of 3.5 years. At the end of the period R7000 is withdrawn from the investment. The remainder of the money is re- invested for an additional period of 54 months at an interest rate of 6% p.a. (cc). At the end of the 54-month period the investment is worth R 393603.01. At what nominal interest rate with semi-annual compounding was the money initially invested? Answer the question by supplying all the subsections required: Carry all decimals in your calculations, but round you answers when entering the answers as requested. Future value of first investment (round to 2 decimal places): R Present value of second investment (round to 2 decimal places): R Initial Nominal Interest rate at which the first investment was invested (round the percentage to the nearest whole number): %