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Exereise 3: After Ahmed has finished his degree at the AUK at an age of 25, he decided to work another 25 years in his

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Exereise 3: After Ahmed has finished his degree at the AUK at an age of 25, he decided to work another 25 years in his job as an electrical engineer. With the age of 50 he likes to work as a consultant. He needs a capital of 15,000 KD to open his office. But to be on the safe side (because at the beginning he does not does have any income) he wants to have a retirement of 2000 KD/month for the next 20 years from a capital he has to safe now. How much money he has to save from now per year at an interest rate of 5% to realize his opinion? Suggest an interest rate of 5% as well after the first 25 years. 13.000 e," A utqu 2000 (?+o.oss-')?66,132 : 2.00 , atua 15,000 Fs Ps 15000,132 fr A o 05 (105 -1 heed + Jan poo pu yen 25 yem ?70

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