Question
You need to accumulate R65000 so her daughter will be able to go to university in 12 years if you can earn 7% compounded annually,
You need to accumulate R65000 so her daughter will be able to go to university in 12 years if you can earn 7% compounded annually, the amount you have to deposit into an account at the end of each year to achieve this goal is closest to?
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
