Suriin ang IDNStudy.com para sa malinaw at detalyadong mga sagot. Magtanong ng anumang bagay at makatanggap ng detalyadong sagot mula sa aming komunidad ng mga eksperto.

4. Rodel decided to sell their farm and to deposit the fund in a bank. After computing the interest, they learned that they may withdraw 480,000.00 yearly for 8 years starting at the end of 6 years when it is time for him to retire. How much is the fund deposited if the interest rate is 5% converted annually? Pasagot​

Sagot :

Answer:

An amount of 25,000 dollar is deposited in a bank that pays interest at the rate of 4%/year, compounded annually.