Say you begin working when you are 25 years old, and will retire when you are 60
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- Say you begin working when you are 25 years old, and will retire when you are 60 years old. After retirement, you wish to have monthly (end-of-month) earnings of RM6,000 per month, until you are 80 years old. If you can only make semiannual (end of every 6 months) deposits, while working, in an account that pays an interest of 6% per year, compounded quarterly, how much must the deposits be?
Related Book For
Understandable Statistics Concepts And Methods
ISBN: 9781337119917
12th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
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