Answer Happy

Posted: **Sat Feb 19, 2022 2:41 pm**

: Time Left 0 54 35 2 A 21 Year Old Inherits Bd100 000 From A Distant Relative Who Has Deceased She Decides To Spend Som 1 (36.49 KiB) Viewed 51 times

Time left 0:54.35 2. A 21-year old inherits BD100.000 from a distant relative who has deceased. She decides to spend some and invest the rest immediately in order to retire at 65 with a BD1,000,000 savings account. At 8% interest compounded annually, how much must be invested? (20 marks)