A father wants to accumulate a future amount of 150

Economics Nov 28, 2020

A father wants to accumulate a future amount of 150.000 TL through annual payments (A) over 20 years period to cover his new born son's college expenses at that time at the end of year 20). The last payment of A occurs simultaneously with the future amount at the end of year 200 f the interest rate is 9 per year what should be the value of A Cannual payments a) 3551 b) 2932 c) 1575 di 7500 el 1951 Bo? b?rak

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