Hi
I'm having problems with part c of the question below
http://stonehambey.com/Images/C2Q.png
Because they're adding 1k every year and then the percentage interest is added (almost like a cross between an AP and a GP), it's left me feeling confused as how to solve it. I'm pretty sure I'm missing something obvious though
Any pointers would be much appreciated
Regards,
Stonehambey