steps to answer this question would be appreciated
12,000 x [1 - 3%]^2 =
12,000 x 0.97^2 =
12,000 x 0.9409 =11,290.80 Price of the fund for the first 2 years.
11,290.80 x 1.07^3 =
11,290.80 x 1.225043 =13,832 - Pounds - current price of the unit trust.
