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want 1. (20 pts) Suppose that starting from this year, at the end of every year, you want to deposit a certain amount, say
want 1. (20 pts) Suppose that starting from this year, at the end of every year, you want to deposit a certain amount, say x, for 10 years, that is you make your first deposit this year at t 0, and your last deposit = at t = 9. Starting from t = 10, you stop depositing, and start withdrawing $30000 at the end of every year. If you want to be able withdraw $30000 for 30 years, what should be the value of x if the continuously compounded interest rate is given by 3%?
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