3. Deposits of 1000 are placed into a fund at the end of each year the next 25 years for the subsequent purchase of a perpetuity. Fi years after the last deposit, annual payments commence and contin forever. If i= .09 then find the amount of each payment.
3. Deposits of 1000 are placed into a fund at the end of each year the next 25 years for the subsequent purchase of a perpetuity. Fi years after the last deposit, annual payments commence and contin forever. If i= .09 then find the amount of each payment.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 24P
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