Deposits of $79 are made at the end of each year for n years and $158 at
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Deposits of $79 are made at the end of each year for n years and $158 at the end of each year of the next 2n2n years.
The AV of this annuity at the time of the last payment (i.e. at the end of 3n years) is $7000. The annual effective rate of interest is such that (1+i)^n=1.3, Determine i.
Related Book For
Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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