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Julie is 24 years old today and planning to get married on her 31st birthday and budgeted to spend BDT 5 millions at the wedding.

  1. Julie is 24 years old today and planning to get married on her 31st birthday and budgeted to spend BDT 5 millions at the wedding.

Questions (10):

  1. How much money does she have to save at the end of every monthfor the fund needed at her wedding if she earns a 12% interest rate?
  2. How much will she need today as a single amount to provide the required fund at her wedding if she earns an 10% interest rate compounded quarterly?

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