A subscription plan commits you to contribute 600 rupiah at the end of each month for the coming 21 years. Given that you could otherwise earn 8% APR on this money, what is the …

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Vinit · Answer 1 · 2024-07-27T11:35:07+0000

Answer:

The present value of the subscription plan, given an 8% annual percentage rate and a monthly contribution of 600 rupiah for 21 years, is approximately 60,666.67 rupiah.

A subscription plan commits you to contribute 600 rupiah at the end of each month for the coming 21 years. Given that you could otherwise earn 8% APR on this money, what is the …

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