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4) Aigul Zhumanova is currently 15 years old. After 2 years, she is expected to start university. Her father thinks that he should start accumulating
4) Aigul Zhumanova is currently 15 years old. After 2 years, she is expected to start university. Her father thinks that he should start accumulating the necessary funds for her study now on. Currently, cost of the university Aigul wants to study is 500 thousand KZT. However, due to inflation, university fees are expected to grow at an annual rate of 9%. Her father has 700 thousand KZT in a savings account that pays 12% per year. How much should he save and deposit every year, so that Aigul will start and finish her university without any financial difficulty? 4) Aigul Zhumanova is currently 15 years old. After 2 years, she is expected to start university. Her father thinks that he should start accumulating the necessary funds for her study now on. Currently, cost of the university Aigul wants to study is 500 thousand KZT. However, due to inflation, university fees are expected to grow at an annual rate of 9%. Her father has 700 thousand KZT in a savings account that pays 12% per year. How much should he save and deposit every year, so that Aigul will start and finish her university without any financial difficulty
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