poonslayer69
New Member
- Joined
- Jun 27, 2012
- Messages
- 15
- Gender
- Undisclosed
- HSC
- 2012
fuaaark, cannot get this out.
A retirement fund pays 8% per annum compound interest on the money invested
in it. What investment must a worker make at the beginning of each year if he
wishes to retire with a lump sum of $200 000 after 25 years (with his last
investment at the beginning of the 25th year)?
A retirement fund pays 8% per annum compound interest on the money invested
in it. What investment must a worker make at the beginning of each year if he
wishes to retire with a lump sum of $200 000 after 25 years (with his last
investment at the beginning of the 25th year)?
