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49. A man wishes to prepare the future of his ten-year old son. Determine the monthly savings that he should make with interest at 5.41% per annum to amount 120,000 at the time his son will be 18 years old. a. 1008.17 b. 1,001.74 c. 1,019.84 d. 989.67

49. A man wishes to prepare the future of his ten-year old son. Determine the monthly savings that he should make with interest at 5.41% per annum to amount 120,000 at the time his son will be 18 years old. a. 1008.17 b. 1,001.74 c. 1,019.84 d. 989.67

Structural Analysis
Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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49. A man wishes to prepare the future of his ten-year old son. Determine the monthly savings that he should make with interest at 5.41% per annum to amount 120,000 at the time his son will be 18 years old. a. 1008.17 b. 1,001.74 c. 1,019.84 d. 989.67
Transcribed Image Text:49. A man wishes to prepare the future of his ten-year old son. Determine the monthly savings that he should make with interest at 5.41% per annum to amount 120,000 at the time his son will be 18 years old. a. 1008.17 b. 1,001.74 c. 1,019.84 d. 989.67
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