Question
A 14-year decreasing annuity-due makes a payment of $230 at the be- ginning of the first year, and each subsequent payment is $10 less then
A 14-year decreasing annuity-due makes a payment of $230 at the be- ginning of the first year, and each subsequent payment is $10 less then
the previous. What is the accumulated value of this annuity at time 17? The effective annual rate of interest is 1.3%.
notice that the annuity due only decreases until t=14 but this is asking for accumulated value at t=17.
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Regulation A+ How The JOBS Act Creates Opportunities For Entrepreneurs And Investors
Authors: Paul Getty , Dinesh Gupta , Robert R. Kaplan
1st Edition
1430257318,1430257326
