Yen is planning for her retirement. She is 30 years old today and would like to have
RM800,000 when she turns 55. She estimates that she will be able to earn a 9% rate of
return on her retirement investment over time; she wants to set aside a constant amount
of money every year (at the end of the year) to help achieve her objective. How much
money must she invest at the end of each of the next 25 years to realize her goal of
RM800,000 at the end of that time?



Answer :