at the age of 44 sam just finished all the arrangement on his parents estate he is going to invest his $80000 in heritance at 5.5%compound quaterly until he retires at age 55 and then wants to rercieve month end payment for n ext 25 years the income anunity is expected to earn 3.85%compound annually what are his monthly anunity during his retirement.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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at the age of 44 sam just finished all the arrangement on his parents estate he is going to invest his $80000 in heritance at 5.5%compound quaterly until he retires at age 55 and then wants to rercieve month end payment for n ext 25 years the income anunity is expected to earn 3.85%compound annually what are his monthly anunity during his retirement.

 

 

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