900 A continuous annuity with withdrawal rate N = $1,- ? year and interest rate r = 4% is funded by an initial deposit P. (a) When will 0 the annuity run out of funds if P = $45,500 ? The annuity runs out 0 after approximately years. Answer to the nearest whole year. A continuous annuity with withdrawal rare N = $1,900/year and interest rate r = 4% is funded by an initial deposit P (a) When will the annuity run out of funds it P = $45,500 The annuity runs out after approximately Ansarer to the rarest whole 1 years.
900 A continuous annuity with withdrawal rate N = $1,- ? year and interest rate r = 4% is funded by an initial deposit P. (a) When will 0 the annuity run out of funds if P = $45,500 ? The annuity runs out 0 after approximately years. Answer to the nearest whole year. A continuous annuity with withdrawal rare N = $1,900/year and interest rate r = 4% is funded by an initial deposit P (a) When will the annuity run out of funds it P = $45,500 The annuity runs out after approximately Ansarer to the rarest whole 1 years.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Transcribed Image Text:900
A continuous annuity with withdrawal rate N = $1,-
?
year and
interest rate r = 4% is funded by an initial deposit P. (a) When will
0
the annuity run out of funds if P = $45,500 ? The annuity runs out
0
after approximately years. Answer to the nearest whole year.
A continuous annuity with withdrawal rare N = $1,900/year and interest rate r = 4% is funded by an initial deposit P
(a) When will the annuity run out of funds it P = $45,500
The annuity runs out after approximately
Ansarer to the rarest whole
1
years.
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