Problem
A young man has decided to go into business at age 40. He wishes to accumulate BD 200,000 at that age. On his twenty fifth birthday he deposited a certain amount and will increase the deposit by 10% each year until the fortieth year. If the funds can be invested at 9.6% compounded annually, how much should his initial investment be?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.