Nelson has a money - saving plan:
(Starting from 1st Jan 2010,i will save $x in the bank in every 6-month period until 31st Dec 2019)
it is given that the interest rate is fixed at 6% p.a.,compounded half-yearly.
a)Express in terms of x
(i)the sum of the first three deposits amount to just after 31st Dec 2019.
(ii)the total amount he will get just after 31 st Dec 2019
b)if Nelson wants to have $200000 just after 31 st Dec 2019,find the value of x.
(correct to the nearest interger.)