A government company decided to open an account for strategic purposes (to help in facing the non-exceptional circumstances that the company may be exposed to), and it deposited an amount of (100) million dinars in it, provided that a fixed annual amount is withdrawn each year for an infinite number of years. Prevailing (10%) How much is the amount withdrawn annually?
A government company decided to open an account for strategic purposes (to help in facing the non-exceptional circumstances that the company may be exposed to), and it deposited an amount of (100) million dinars in it, provided that a fixed annual amount is withdrawn each year for an infinite number of years. Prevailing (10%) How much is the amount withdrawn annually?
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
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A government company decided to open an account for strategic purposes (to help in facing the non-exceptional cir cumstances
that the company may be exposed to), and it deposited an amount of (100) million dinars in it, provided that a fixed annual
amount is withdrawn each year for an infinite number of years. Prevailing (10%) How much is the amount withdrawn annually?
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