When Victor is 10 years old, his father deposits a certain amount of money in a...

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Finance

When Victor is 10 years old, his father deposits acertain amount of money in a university fund that pays 12.4%capitalized semiannually. When Víctor turns 15, his father willdeposit an amount equal to the one initially deposited and, when heturns 18, he will start receiving $ 65,000 from the fund eachsemester, starting at that moment, for 5 years, in order to pay forhis career. the value of the 2 deposits.

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Let us assume that the value of each deposit be x It is given that the deposit is made at the age of 10 and 15 65000 will be received at the beginning of each semester for    See Answer
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When Victor is 10 years old, his father deposits acertain amount of money in a university fund that pays 12.4%capitalized semiannually. When Víctor turns 15, his father willdeposit an amount equal to the one initially deposited and, when heturns 18, he will start receiving $ 65,000 from the fund eachsemester, starting at that moment, for 5 years, in order to pay forhis career. the value of the 2 deposits.

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