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Ahmet has accumulated a saving by investing 600 TL in a fund at the beginning of each year for 15 years. He plans to receive
Ahmet has accumulated a saving by investing 600 TL in a fund at the beginning of each year for 15 years. He plans to receive this saving in the form of an annuity such as the first payment begins 20 years later after the first investment payment (600 TL) and continues forever. If the annual interest rate is 10%, how much money will Ahmet receive per year?
a) 2854.74
b) 2940.79
c) 2986.45
d) 3040.87
e) 3070.19
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