Note that:

Pbr abbreviation in the questions is the currency unit.

Primarily utilize the Compound Interest Factor Tables.

if the solution of a question requires to use the formula(s), you can utilize the formula(s). Comply with the rounding criteria for the calculations explained during lectures.

Question 3) As soon as their first child is born, a couple wants to start a trust fund they will pay into on a yearly basis until their child reaches the age of 18. Once their child reaches 18, the child would be able to withdraw 20 000 Pbr for years 18 through 21. If the interest rate is 4%, what amount does the couple need to invest each year for 18 years to have enough money in the trust fund to meet the four-year payout amounts? 19 20 21 181 012 A-20 000 Pbr