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The answer is in red to the left of problem 3 4153A 1q43 $2,000 are deposited into a fund at the beginning of each year
The answer is in red to the left of problem 3
4153A 1q43 $2,000 are deposited into a fund at the beginning of each year for 20 years. Starting from the begining of 26th year, the balance can support annual payment D lasting forever. Find D if the nominal interest rate II,794.4753 ah impounded continuously is 8%Step by Step Solution
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