Nandile deposits R1 800 into a savings account. One month later she deposits a further R1 800 into the account. She continues to do this for ten years. Interest is 8% per annum compounded monthly. Calculate the future value of her investment at the end of the ten-year period.

(C) Michael deposits R10 000 into a savings account at the end of the year. At the end of each year thereafter, he deposits R10 000 into the account and continues to do this for twenty years. Interest is 18% per annum effective.
Calculate the future value of his investment at the end of the twenty-year period.


d) Nerina deposits R1 200 into an account paying 12% per annum compounded half-yearly. Six months later, she deposits R1 2pp
into the account. Six months after this, she deposits a further R1 200 into the account. She then continues to make half-yearly deposits of R1 200 into the account for a period of seven years from her first deposit of R1 200. Calculate the value of her savings at the end of the savings period.