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How much money should be saved on 1 st February , 1995 on a savings with an interest rate of 8% compounded every 6 months)
How much money should be saved on 1st February , 1995 on a savings with an interest rate of 8% compounded every 6 months) so Every 6 months you can withdraw IDR 5,000,000 starting on the 1st February 2005 to 1st August 2015? (Hint : IDR 34,295,562)
Ana wants to have Rp. 75,000,000 from a deposit with an interest rate of 8% given every 3 months by doing deposit in the amount of Rp. 2,000,000, - every 3 months.
- How many times has he made the full deposit? (Hint : 27 times)
- What additional deposit value did he make to complete the money value will be IDR 75,000,000 if the additional deposit is made was done at the last deposit? (Hint : IDR 2,840,764)
- What is the additional deposit value if it is made 3 months after the deposit last? (Hint : IDR 2,897,579)
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