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steps to answer this question would be appreciated

saim4  Jun 18, 2017
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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

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