Question
1. Flix Prez has been working during his whole life, and he is now planning to retire (there are 7 years left). He is planning
1. Flix Prez has been working during his whole life, and he is now planning to retire (there are 7 years left). He is planning to do an investment plan that would allow him to live comfortably from then on. When he retires he would like to have a total capital of 100.000 euros, in order to travel. If the annual interest rate is 5%, what should be the amount to be deposited on a monthly basis, in order to reach that capital, and assuming that deposits are made at the end of each month. a. Between 3600 and 3900 euros b. Between 970 and 1050 euros c. Between 500 and 700 euros d. None of the previous answers is correct.
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