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[SOA 332] An investor wants to accumulate 150,000 to purchase a business in ten years. The investor deposits 14,000 into an account at the beginning
[SOA 332] An investor wants to accumulate 150,000 to purchase a business in ten years. The investor deposits 14,000 into an account at the beginning of each of years one through five. The investor deposits an additional amount X at the beginning of years four and five to meet this goal. The account earns interest at an annual effective rate of 8%. Calculate X. A B C D E 2113 2592 5958 9595 11574 1:12
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