Example 7.12
Bakri plans to put aside RM5,000 per year so that he can make a nice down
payment on a BMW car in six years' time. If he makes the payments at the end of
each year and earns 8 % on his deposits, how much will he have accumulated at
the end of six years?
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Explanation:
Example 7.12
Bakri plans to put aside RM5,000 per year so that he can make a nice down
payment on a BMW car in six years' time. If he makes the payments at the end of
each year and earns 8 % on his deposits, how much will he have accumulated at
the end of six years?
See
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