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Question 4 Not yet answered Marked out of 1 P Flag question Ahmad want to accumulate $10000. If he plans to make monthly deposit of
Question 4 Not yet answered Marked out of 1 P Flag question Ahmad want to accumulate $10000. If he plans to make monthly deposit of $200 in a local bank, the interest rate is J12=6%. How many full deposits should he make to reach his target a. 75 b. 32 C. 57 d. 23 Question 5 Not yet answered Marked out of 1 P Flag question Ahmad has saved 100000 in an insurance company. Ha wants to receive $1500 monthly retirement salary-suse les. J12=3%. How many full payments and the concluding payment O O O O O a. 73 full payment and the concluding payment is 29 b. 73 full payment and the concluding payment is 119 c. 73 full payment and the concluding payment is 29 d. 37 full payment and the concluding payment is 482 e. 37 full payment and the concluding payment is 29 Next page Computer Calculation Jump to
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