A continuous annuity with withdrawal rate N = 500 dollars/year and interest rate r = 5 percent is funded by an initial deposit. when will the annuity run out of funds if initial deposit = 7000 dollars. The annuity runs out after approximately ____ years? (answer to nearest whole number) b) which initial deposit yields a constant balance? initial deposit P = how many dollars?????
A continuous annuity with withdrawal rate N = 500 dollars/year and interest rate r = 5 percent is funded by an initial deposit. when will the annuity run out of funds if initial deposit = 7000 dollars. The annuity runs out after approximately ____ years? (answer to nearest whole number) b) which initial deposit yields a constant balance? initial deposit P = how many dollars?????
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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A continuous annuity with withdrawal rate N = 500 dollars/year and interest rate r = 5 percent is funded by an initial deposit. when will the annuity run out of funds if initial deposit = 7000 dollars.
The annuity runs out after approximately ____ years? (answer to nearest whole number)
b) which initial deposit yields a constant balance? initial deposit P = how many dollars?????
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