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Question Number 41508 by psyche-ace last updated on 08/Aug/18

$$A\mathbf{facial}\mathbf{surgery}\mathbf{is}\mathbf{estimated}\mathbf{to}\mathbf{cost}\mathbf{N}25\mathbf{millon}\mathbf{in}10\mathbf{years}\mathbf{time}.$$$$\mathrm{A}50\mathbf{years}\mathbf{old}\mathbf{woman}\mathbf{that}\mathbf{is}\mathbf{expecting}\mathbf{to}\mathbf{go}\mathbf{on}\mathbf{retirement}\mathbf{at}55\mathbf{years}\mathbf{is}\mathbf{planning}\mathbf{to}\mathbf{generate}\mathbf{funds}\mathbf{for}\mathbf{the}\mathbf{surgery}\mathbf{at}\mathbf{her}\mathbf{retirement}.$$$$\mathbf{ow}\mathbf{much}\mathbf{should}\mathbf{she}\mathbf{set}\mathbf{aside}\mathbf{for}\mathbf{the}\mathbf{surgery}\mathbf{if}\mathbf{the}\mathbf{interest}\mathbf{rate}\mathbf{is}14.75\mathrm{\%}\mathbf{at}\mathbf{the}\mathbf{time}\mathbf{of}\mathbf{retirement}?$$$$\mathbf{what}\mathbf{is}\mathbf{the}\mathbf{present}\mathbf{value}\mathbf{of}\mathbf{the}\mathbf{cost}\mathbf{of}\mathbf{surgery}?(\mathbf{as}\mathbf{at}\mathbf{the}\mathbf{time}\mathbf{the}\mathbf{woman}\mathbf{is}50\mathbf{years}\mathbf{given}\mathbf{the}\mathbf{interest}\mathbf{rate}\mathbf{at}\mathbf{that}\mathbf{time}\mathbf{is}11.5\mathrm{\%})$$

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