Time value of money 1. Najmi a 30th years old wishes to retire at age of 60. He is targeting to have RM400,000 in his AS

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Time value of money 1. Najmi a 30th years old wishes to retire at age of 60. He is targeting to have RM400,000 in his AS

Post by answerhappygod »

Time value of money
1. Najmi a 30th years old wishes to retire at age of 60. He
is targeting to have RM400,000 in his ASB account during his
retirement.
Calculate how much he need to save at the beginning of each
year, if the annual return on ASB investment could earn 9 percent
return per year.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”