A present amount of P is invested into an account, which can be withdrawn after the...
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A present amount of P is invested into an account, which can be withdrawn after the end of m years. The first withdrawal is at an amount of A. The succeeding withdrawals increase by z (in %) per year, and withdrawals occur for n years. If the nominal interest of the investment is į (in %), calculate the equivalent uniform annuity for this investment. Notes for Problem 3: Round down m to nearest integer value; on the other hand, round up n to nearest integer value. p= 9900 A=5900 m= 28 Z= 2.94 n= 6 i= 2.74 A present amount of P is invested into an account, which can be withdrawn after the end of m years. The first withdrawal is at an amount of A. The succeeding withdrawals increase by z (in %) per year, and withdrawals occur for n years. If the nominal interest of the investment is į (in %), calculate the equivalent uniform annuity for this investment. Notes for Problem 3: Round down m to nearest integer value; on the other hand, round up n to nearest integer value. p= 9900 A=5900 m= 28 Z= 2.94 n= 6 i= 2.74
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M55 First payment 4 Anwar 4 5900 goathrate 2 294 1 interest rate j 27... View the full answer
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