A deposit of ___(i)___is made into an account paying an interest rate of 5% ...
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A deposit of ___(i)___is made into an account paying an interest rate of 5% compounded annually. How many annual payments of ___(ii)___can be made from this account?
a) (i)$100,000 (ii)$10,000
b) (i)$200,000 (ii)$20,000
c) (i) 10x (ii) x
*d) (i) 10x (ii) x
(*Assume continuous compounding for this)
8 years ago
PV of an ordinary annuity is given by ...
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