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1. Deposits of $1000 are placed into a fund at the beginning of each year for the next 20 years. After 30 years annual payments
1. Deposits of $1000 are placed into a fund at the beginning of each year for the next 20 years. After 30 years annual payments commence and continue forever, with the first payment at the end of the 30 th year. Find the amount of each payment given an annual interest rate of 5%. (A) 1489 (B) 2693 (C) 3761 (D) 4000 (E) 5125 Step by Step Solution
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A Practical Guide To Quantitative Finance Interviews
Authors: Xinfeng Zhou
1st Edition
1735028800, 978-1735028804
