Question: AAA Example 8.On his 48th birthday a man decides to make a gift of Rs. 5000 to a hospital on his 60th birthday. He decides

AAA Example 8.On his 48th birthday a man decides

AAA

Example 8.On his 48th birthday a man decides to make a gift of Rs. 5000 to a hospital on his 60th birthday. He decides to save this amount by making annual instalments upto and including his 60th birthday to a fund which gives 35% compound interest, the first payment being made at once. Calculate the amount of each annual payment. 159/ oro and A-500

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