1. A man pays his debt in the following manner: $23,987 after 1 year., then $289 less from the previous payment and so o
Posted: Wed Jul 06, 2022 5:58 am
1. A man pays his debt in the following manner: $23,987 after 1year., then $289 less from the previous payment and so on up to16th year. Find the accumulated amount of these payments at therate of 4.80% compounded annually. (Write your final answer in fourdecimal places.)