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Question 2.1.4 in Mathematics of Investment and Credit 2.14 Smith makes deposits of l) on the last day of each nunth in an canting interest

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Question 2.1.4 in Mathematics of Investment and Credit

2.14 Smith makes deposits of l") on the last day of each nunth in an canting interest at rate = . 12. The first dem'sit is Janu- ary 31, 2(LS and the final deposit is December 31, 2029. The accu- rmalated acuunt is used to make rmnthly Biynrnts Of Y Jamar-y 31, 2030 with the final One on December 31.2054. Find Y.

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