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An entrepreneur wants to open a buffet with 60.000 TL in his hand. The buffet provides a regular income of 12.000 TL per month during
An entrepreneur wants to open a buffet with 60.000 TL in his hand. The buffet provides a regular income of 12.000 TL per month during the period it is kept. The buffet can be transferred to 40.000 TL in any month. Meanwhile, the bank provides a monthly interest rate of 18%. If the investment is transferred in the 26th month, how much will the Annual Equivalent Amount (AW) be? (Round to the nearest integer.)
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