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A continuous annuity with withdrawal rate N = $ 1 , 8 0 0 ? year and interest rate r = 5 % is funded
A continuous annuity with withdrawal rate $ year and interest rate is funded by an initial deposit
a When will the annuity run out of funds if $
The annuity runs out after approximately
years.
Answer to the nearest whole year.
b Which initial deposit yields a constant balance? $
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