Question

Mr. Niaz is going to deposit RM550 into an account at the beginning of each of 15 years. The account will then be left to compound for an additional 25 years. At the end of the 41st year, he will begin receiving a perpetuity from the account. If the account pays 12 percent, how much each year will Mr. Niaz receive from the perpetuity?

Answer 1

Answer:

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