How much would need to be saved annually for 6 years to get 100 000 € by the time the last deposit is made? The interest rate is 2.15 % and the source tax is 30 %. Future value Number of payments Interest rate Source tax Net interest rate Payment
How much would need to be saved annually for 6 years to get 100 000 € by the time the last deposit is made? The interest rate is 2.15 % and the source tax is 30 %. Future value Number of payments Interest rate Source tax Net interest rate Payment
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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