Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5c please Part 5 Ali has a savings account with an annual interest rate of 25%. Ali wants to invest his savings and he is
5c please
Part 5 Ali has a savings account with an annual interest rate of 25%. Ali wants to invest his savings and he is considering three different options. Assume that the savings rate and lending rate are equal. Each question is independent. A real estate agent offers Ali a property and Ali thinks he can sell this property for 2419081 TL after 10 years. What is the maximum price that Ali can buy this property rather than leaving his money it in the bank, so that he still earns at 259746.84 least as much as he would from the savings account? a b Selim offers Ali to be his partner in Selim's restaurant. For 69195 TL Ali can own half of the restaurant. The restaurant will grow 7% per year. After how many years can Ali sell his shares and earn the same amount of money he could earn from the bank account in 2 years? (Do not round the number.) 6.60 C Ali considers joining a private pension system. To join, Ali needs to pay 22,000TL initially and 7200TL every year. What should be the yearly rate of the private pension system, so that Ali can double the money which he would have made from the bank account only by depositing 7200TL every year in 10 yearsStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started