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Starting from today you will deposit $5000 every year in an account for a total of 5 deposits. At the same time that you
Posted: Tue Jan 18, 2022 1:01 pm
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 (32.88 KiB) Viewed 47 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