A fund of 5000 is to be accumulated by n annual payments of 50 followed by another
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A fund of 5000 is to be accumulated by n annual payments of 50 followed by another n annual payments of 100, plus a final payment, as small as possible, made one year after the last regular payment. If/ = .08, find n and the amount of the final payment.
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Theory Of Interest And Life Contingencies With Pension Applications A Problem Solving Approach
ISBN: 978-1566983334
3rd Edition
Authors: Asa Michael M. Parmenter, Ph.d.
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