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A government company created an account for strategic purposes (to help in facing the non-exceptional circumstances that the company may be exposed to), the company decided to create an annual amount of (8) million dinars for an infinite number of years. For the money that the company deposited?

A government company created an account for strategic purposes (to help in facing the non-exceptional circumstances that the company may be exposed to), the company decided to create an annual amount of (8) million dinars for an infinite number of years. For the money that the company deposited?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A government company created an account for strategic purposes (to help in facing the non-exceptional circumstances that the company may be exposed to), the company decided to create an annual amount of (8) million dinars for an infinite number of years. For the money that the company deposited?
Transcribed Image Text:A government company created an account for strategic purposes (to help in facing the non-exceptional circumstances that the company may be exposed to), the company decided to create an annual amount of (8) million dinars for an infinite number of years. For the money that the company deposited?
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ANSWER:

Amount = A 

Interest rate = i 

n = number of years

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