Suppose that you just turned 2 5 years old and that you wish to receive a monthly ordinary annuity of $ 4 , 4 5 9 for 3 0 years ( ages 6 5 - 9 5 , end of month payments ) . How much would your monthly contributions also be at the end of each month until age 6 0 , if you let the funds vest until age 6 5 with no further contributions? Your EAR is 5 . 8 % ?
Suppose that you just turned 2 5 years old and that you wish to receive a monthly ordinary annuity of $ 4 , 4 5 9 for 3 0 years ( ages 6 5 - 9 5 , end of month payments ) . How much would your monthly contributions also be at the end of each month until age 6 0 , if you let the funds vest until age 6 5 with no further contributions? Your EAR is 5 . 8 % ?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Suppose that you just turned 2 5 years old and that you wish to receive a monthly ordinary annuity of $ 4 , 4 5 9 for 3 0 years ( ages 6 5 - 9 5 , end of month payments ) . How much would your monthly contributions also be at the end of each month until age 6 0 , if you let the funds vest until age 6 5 with no further contributions? Your EAR is 5 . 8 % ?
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