Barbara wants to earn Rp. 100,000,000 at the end of the 10th year, so she starts saving at a bank that pays interest at

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

Barbara wants to earn Rp. 100,000,000 at the end of the 10th year, so she starts saving at a bank that pays interest at

Post by answerhappygod »

Barbara wants to earn Rp. 100,000,000 at the end of the 10th year, so she starts saving at a bank that pays interest at j4 = 14%. How much money should he save each quarter? After 4 years of saving. The bank charges interest j4 = 12%, how much money must he save every quarter for the last 6 years in order to achieve his dream if:

A. There is no tax on savings interest.

B. there is a tax on savings interest of 20%
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”