What must you invest today to receive an annuity of $4,500 for 10 years compounded at 8% quarterly when all withdrawals will be made at the end of each period?

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asked Jun 11, 2022 137k views

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Adam Van Prooyen · Answer 1 · 2022-06-15T19:56:27+0000

Answer:

Kent is making a scale model of his favorite train. The actual train is 12 feet long and 4 feet wide. Kent wants his model to be 6 inches in length. Which would if he uses the same ratio?

Explanation:

Kent is making a scale model of his favorite train. The actual train is 12 feet long and 4 feet wide. Kent wants his model to be 6 inches in length. Which would be the width if he uses the same ratio?

What must you invest today to receive an annuity of $4,500 for 10 years compounded at 8% quarterly when all withdrawals will be made at the end of each period?

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