Question
Person A donated 50 000 TL to a foundation. This donation is needed at the end of each year. It is distributed to the owners
Person A donated 50 000 TL to a foundation. This donation is needed at the end of each year. It is distributed to the owners from the donation fund with an annual effective interest rate of 5%. The first 10 years of each year It is distributed as 2 000 TL at the end and 3 000 TL in the following times. until the fund is reset payments continue to be made, but in the last year, an amount of less than 3 000 TL in the fund remained. Accordingly, how many years have passed until the fund is reset and what is the money left in the fund for the last year? Calculate how much?
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