Question
Q2- You wish to calculate the amount that you should withdraw from your college savings fund of $30 000 if you wish to withdraw equal
Q2- You wish to calculate the amount that you should withdraw from your college savings fund of $30 000 if you wish to withdraw equal amounts at the end of each month for the rest of your life. The annual nominal interest rate is 6% convertible monthly. This is a type of
Select one:
a. General Perpetuity Due
b. Simple Perpetuity Due
c. Ordinary General Perpetuity
d. Ordinary Simple Perpetuity
e. Deferred Perpetuity
Q2 - You wish to calculate the amount that you should withdraw from your college savings fund of $30 000 if you wish to withdraw equal amounts at the beginning each month for the rest of your life. The annual nominal interest rate is 6% convertible quarterly. This is a type of
Select one:
a. Ordinary Simple Perpetuity
b. Simple Perpetuity Due
c. General Perpetuity Due
d. Ordinary General Perpetuity
e. Deferred Perpetuity
Q3 -
You wish to calculate the amount that you should withdraw from your college savings fund of $30 000 if you wish to withdraw equal amounts at the end of each month for the rest of your life. The annual nominal interest rate is 6% convertible quarterly. This is a type of
Select one:
a. Deferred Perpetuity
b. Simple Perpetuity Due
c. Ordinary Simple Perpetuity
d. General Perpetuity Due
e. Ordinary General Perpetuity
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