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This is the question LAdITI 8 - A father wants to accumulate a future amount of 150.000 TL through annual payments (A) over 20 years-period
This is the question
LAdITI 8 - A father wants to accumulate a future amount of 150.000 TL through annual payments (A) over 20 years-period to cover his new born son's college expenses at that time (at the end of year 20). The last payment of A occurs simultaneously with the future amount at the end of year 20. If the interest rate is 9% per year, what should be the value of A (annual payments)? a) 1951 b) 7500 () 2932 d) 3551 e) 1575 Bos birak Kapat Sinavi BitirStep by Step Solution
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