A man aged 40 deposits RM1000 at the beginning of each year for 25 years into a

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A man aged 40 deposits RM1000 at the beginning of each year for 25 years into a registered retirement savings account paying interest at 9 %. Starting on his 65th birthday, he makes 15 equal annual withdrawals from the fund at the beginning of each year. During this period the fund pays interest at 7%. Find the amount of each withdrawal.

Posted Date: May 18, 2024 11:05 AM

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A man aged 40 deposits RM1000 at the beginning of each year for 25 years into a

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