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ayear num today, deposi' lant at )o, and retired after 20 years Yau-in ounediale rip costing apposimaly 15000 TL(-20) when you retire, and expe o

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ayear num today, deposi' lant at )o, and retired after 20 years Yau-in ounediale rip costing apposimaly 15000 TL(-20) when you retire, and expe o ve 25 more eas, for whish you need 12000 TL each year, starting from one year from netiementYo savine will be equal and us. annual basis Savings will earn 10% annually How ud, you shold save each year to accomplish your goals? b what would be the equal savings if pension plan requires semi-deposits? You sil 10% annually You are planning for your pension plan that you will start to invest money, deposit first saving a year from today, deposit last at 20, and get retired after 20 years. You desire to take an immediate trip,costing approximately 15000 TL.(t-20) when you retire, and expect to live 25 more years, for which you need 12000TL cach year, starting from one year from retirement. Your savings will be equal and on annual basis. Savings will earn 10% annually. a) How much you should save each year to accomplish your goals? b) what would be the equal savings ifpension plan requires semiannual deposits? You still earn 10% annually

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