Starting from today you will deposit $5000 every year in an account for a total of 5 deposits. At the same time that you

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Starting from today you will deposit $5000 every year in an account for a total of 5 deposits. At the same time that you

Post by answerhappygod »

Starting From Today You Will Deposit 5000 Every Year In An Account For A Total Of 5 Deposits At The Same Time That You 1
Starting From Today You Will Deposit 5000 Every Year In An Account For A Total Of 5 Deposits At The Same Time That You 1 (32.88 KiB) Viewed 46 times
Starting from today you will deposit $5000 every year in an account for a total of 5 deposits. At the same time that you make the last deposit, you will begin receiving a yearly perpetual constant cash flow from the account. The account pays 8% compounded annually. How much will you receive each year from the perpetuity? a) 2260.39 Ob) 2534.37 Oc) 2172.81 d) 2346.64
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply