• Exercise 1 Rami has inherited a sum of $120,000 which he invests at the interest rate r = 10%. He will withdraw R doll

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• Exercise 1
Rami has inherited a sum of $120,000 which he invests at the
interest rate r = 10%. He will withdraw R dollars at the end of
each quarter and he will make these withdrawals for 10 years. After
these 10 years, he will have completely used up his capital.
Determine R.
• Exercise 2
a. In this exercise, the constant annuities are paid at the end
of the period. A company borrows 500,000 euros at an 8% compound
interest. What is her annual payment if it had to pay her debt in
15 years?
b. What is the amount of a loan that can be repaid after 30
years in annuities of 15,000 euros, at the interest rate of
5%?