asked 142k views
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PLEASE HELP! I HAVE BEEN AT THIS FOR A LONG TIME!.

For each investement, 25 000 is deposited in an account. How much is each payment?

(a. 8% per annum, compounded annually, with annual payments starting in a year.

asked
User Yierstem
by
7.2k points

1 Answer

3 votes

Answer:

Annual payment wil be 2,001 and total amount after compounded annually will be 27,001

answered
User Fscof
by
8.3k points
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