+0  
 
0
110
1
avatar+8 

steps to answer this question would be appreciated

saim4  Jun 18, 2017
Sort: 

1+0 Answers

 #1
avatar
0

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.

Guest Jun 18, 2017

2 Online Users

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.  See details