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Homework 4. You would like to invest 100 TL per month in the Individual Pension System for the next 30 years. If the annual rate
Homework 4. You would like to invest 100 TL per month in the Individual Pension System for the next 30 years. If the annual rate of return from the system is 12%: a. What is the value of your savings after 30 year? b. If the annual inflation rate is around 8%, what is the current total purchasing power of the total amount when you retire? c. You plan to increase the contribution of 100 TL at the end of first month by 0.50% at the end of each month. In this sense, solve a and b again
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