Question: This is actuarial science. Please answer asap. thank you! Problem 6 - Equations of Value A deposit X is to be made today and a
This is actuarial science. Please answer asap. thank you!
Problem 6 - Equations of Value A deposit X is to be made today and a second deposit, which is twice the first, is to be made 6 years from now, to provide for withdrawals of $4000 two years from now and $9500 9 years from now. At an effective annual interest rate of 3%, calculate the size of the first deposit.
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