Halena is investing money in a term deposit paying p.a.

MATHEMATICS · Numerical · CBSE · Mathematics · Fractions in Disguise · Fractions in Disguise

Problem

Halena is investing money in a term deposit paying 5.2%5.2\% p.a., compounded quarterly. How much does she need to deposit now in order to collect 50005000 at the end of 33 years?

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