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(please answer both questions) Given an annual rate of payment of f(t)=2t+8 at time t for 14 years and a force of interest =.02. Find
(please answer both questions)
Given an annual rate of payment of f(t)=2t+8 at time t for 14 years and a force of interest =.02. Find the PV of this continuously varying payments annuity. Possible Answers 228.09 Jonathan is planning to retire on January 1,2024 . his goal is to have enough money in his savings account to be able to withdraw $2,000 per month beginning one month after retirement and continuing for 25 years after retirement. He earns an annual effective rate of interest of 10% on his account. Determine the minimum amount needed in his savings account on January 1, 2024, to accomplish his goal. Possible AnswersStep by Step Solution
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