Greg makes deposits of 1,000 at the end of each year for n years into a...

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Greg makes deposits of 1,000 at the end of each year for n years into a fund. At time n, he uses the accumulated value of the fund to purchase an annuity immediate that makes payments of 2,061.34 at the end of each year for ten years. The annual effective interest rate is 5%. Calculate n. Greg makes deposits of 1,000 at the end of each year for n years into a fund. At time n, he uses the accumulated value of the fund to purchase an annuity immediate that makes payments of 2,061.34 at the end of each year for ten years. The annual effective interest rate is 5%. Calculate n.

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