Question
One annuity pays 4 at the end of each year for 32 years. Another annuity pays 5 at the end of each year for 16
One annuity pays 4 at the end of each year for 32 years. Another annuity pays 5 at the end of each year for 16 years. The present values of both annuities are equal at effective rate of interest i . If an amount of money invested at the same rate i will double in n years, find n ?
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
