Mary deposits 1000 into a fund at the beginning of each year for 10 years....
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Mary deposits into a fund at the beginning of each year for years. At the end of years, she makes an additional deposit of X At the end of years, Mary uses the accumulated balance in the fund to buy a perpetuityimmediate with annual payments of per year for years, and per year thereafter. Interest is credited at an annual effective rate of Calculate X Correct answer is looking for a worked out solution, studying for an exam
Mary deposits into a fund at the beginning of each year for years. At the end
of years, she makes an additional deposit of X
At the end of years, Mary uses the accumulated balance in the fund to buy a
perpetuityimmediate with annual payments of per year for years, and
per year thereafter.
Interest is credited at an annual effective rate of
Calculate X
Correct answer is looking for a worked out solution, studying for an exam
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