Question
A 10-year decreasing annuity-due makes a payment of 100 at the beginning of the first year, and each subsequent payment is 5 less then the
A 10-year decreasing annuity-due makes a payment of 100 at the beginning of the first year, and each subsequent payment is 5 less then the previous. What is the accumulated value of this annuity at time 10 (one year after the final payment)? The effective annual rate of interest is 5%. Answer: 1050
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Revealing The Invisible How Our Hidden Behaviors Are Becoming The Most Valuable Commodity Of The 21st Century
Authors: Thomas Koulopoulos ,George Achillias
1st Edition
1682616193, 978-1682616192
