Question: Steve is planning for his retirement life. She plans to invest an equal sum of $ 3 0 , 0 0 0 at the end
Steve is planning for his retirement life. She plans to invest an equal sum of $ at the end of every year for the next years starting from the end of next year. Bank gives interest rate. Find the maturity amount of her account after years.
b A construction company is considering making a uniform annual investment in a fund with a view toward providing capital at the end of years to replace an excavator. An interest rate of is available; what is the annual investment required to produce $ at the end of the period?
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