Garfield is repaying a debt with 20 annual payments of 1000 each. At the end of the

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Garfield is repaying a debt with 20 annual payments of 1000 each.

At the end of the fourth year, he makes an extra payment of 2000.

He then shortens his remaining payment period by two years, and makes level payments over that time. If / = .12, find the revised annual 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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Question Posted: Sep 19, 2024 05:02 AM

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Garfield is repaying a debt with 20 annual payments of 1000 each. At the end of the

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Theory Of Interest And Life Contingencies With Pension Applications A Problem Solving Approach

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