Question
Find i (the rate per period) and n (the number of periods) for the following annuity. Monthly deposits of $305 are made for 8 years
Find i (the rate per period) and n (the number of periods) for the following annuity.
Monthly deposits of $305 are made for 8 years into an annuity that pays 6.5% compounded monthly.
i=_____
(Type an integer or decimal rounded to four decimal places as needed.)
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Advanced Modelling In Mathematical Finance
Authors: Jan Kallsen, Antonis Papapantoleon
1st Edition
3319458736, 978-3319458731
