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tommy083 2017-10-3 10:44 PM

一條關於interest既數

Mary age 30 today contributes an amount X at the beginning of each month into a fund which earns a nominal rate of 12% convertible monthly. Starting age 65, she will use the entire account balance to purchase an annuity at a nominal rate of 8% compounded semiannually, which will provide 5,000 at the beginning of each month to her as her retirement income until the end of her life. Calculate X. Show your work.

性感的手臂 2017-10-4 02:00 AM

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