Question
Rawan was a worker at AlQuds un. Rawan started working when she was 25 years old. Her salary was 800 JD monthly at the beginning,
Rawan was a worker at AlQuds un. Rawan started working when she was 25 years old. Her salary was 800 JD monthly at the beginning, however this salary increase 10% every 10 years. The university deducts 7% from Rawans salary, and add 8% to the saving. Rawan retired at age 65 1. Suppose Rawan wants a monthly salary of 1500 JD monthly. How many payments can she receive? What is the concluding payment? 2. Suppose Rawan intends to receive a salary for 25 years to come. How much will be each payment? 3. Suppose Rawan wants to receive a salary as long as she is living, How much would be each payment?
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