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You are going to deposit $800 into an account at the beginning of each year for the next 20 years (First payment is today). Starting
You are going to deposit $800 into an account at the beginning of each year for the next 20 years (First payment is today). Starting in year 21, you will begin receiving perpetuity from the account. First payment from the perpetuity will be at the beginning of year 21. If the account pays 14% (EAR), how much will you receive in each year from this perpetuity?
answer is 10194.79
can someone show me how to do this on financial calculator with steps , thank you
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