Business, 08.10.2019 05:30 TradeOK158
Starting on your 25th birthday, and continuing through your 60th birthday, you deposit 750 each year on your birthday into a retirement fund earning an annual effective rate of 5%. immediately after the last deposit, the accumulated value of the fund is transferred into a fund earning an annual effective rate of j. on your 65th birthday, you purchase a 25-year annuity-due paying 580 each month with the balance of the account. the purchase price of the annuity was determined using an annual effective rate of 4%. calculate j.
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Starting on your 25th birthday, and continuing through your 60th birthday, you deposit 750 each year...
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