Question

A subscription plan commits you to contribute 600 rupiah at the end of each month for the coming 21 years. Given that you could otherwise earn 8% APR on this money, what is the present value of this subscription plan? Report your answer with 2-digit precision (ex. 12.34).

Answer 1

The present value of the subscription plan, given an 8% annual percentage rate and a monthly contribution of 600 rupiah for 21 years, is approximately 60,666.67 rupiah.