In 1880 five aboriginal trackers were each promised the equivalent of 100 Australian dollars for hel 1 answer below »

In 1880 five aboriginal trackers were each promised the equivalent of 100 Australian dollars for helping to capture the notorious outlaw Ned Kelley In 1993 the granddaughters of two of the trackers claimed that this reward had not been paid 

The Victorian prime minister stated that if this was true, the government would be happy to pay the $100 However, the granddaughters also claimed that they were entitled to compound interest How much was each entitled to if the interest rate was 4 percent? What if it was 8 percent?

What type of problem is this (ie, PV, FV, etc,? What method did you use to solve?

 

Looking for a Similar Assignment? Let us take care of your accounting classwork while you enjoy your free time! All papers are written from scratch and are 100% Original. Try us today! Active Discount Code FREE15