A person wishes to accumulate taka 150000 by the end of 15 years by making equal half-yearly deposits over the next 15 years. If he/she earns 10%, on the investment, how much must he/she deposit at the end of each half year?

A person wishes to accumulate taka 150000 by the end of 15 years by making equal half-yearly deposits over the next 15 years. If he/she earns 10%, on the investment, how much must he/she deposit at the end of each half year?

A 200000

B 100000

C 75000

D 4545.45

Solution

Correct Answer: Option D