Interest 66024

How much do I have to save per month to save CZK 100,000 in 5 years if the interest rate is 4%, the interest period is one month, and the interest tax is 15%?

Correct answer:

x =  1531.3663 Kc

Step-by-step explanation:

s=100000 Kc n=5 12=60 m  q1=4/100/12=30010.0033 q2=100%15%=110015=0.85  q=1+q2 q1=1+2017 30011.0028  s = x 1q1qn  s (1q) = x (1qn)  x=s 1qn1q=100000 11.00286011.0028=1531.3663 Kc



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