(Answered)-Every 2 years Mrs Taliga deposits $2000 into a fund that pays - (2025 Updated Original AI-Free Solution

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Academic Level: Undergrad. (yrs 3-4)

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Question

Every 2 years Mrs Taliga deposits $2000 into a fund that pays interest at j2 = X% p.a. The first deposit is one her 53rd birthday and the last deposit is on her 65th birthday. Beginning 3 months after her 65th birthday and counting every 3 months thereafter, she withdraws equal amounts of $A, which will exactly exhaust the fund on her 79th birthday. Determine $A.