Find the present value of the given perpetuity. $36,500 per year at the rate of 5% yearly The present value is A bank account pays 4.4% annual interest, compounded monthly. How much must be deposited...


Find the present value of the given perpetuity.<br>$36,500 per year at the rate of 5% yearly The<br>present value is<br>A bank account pays 4.4% annual interest,<br>compounded monthly. How much must be<br>deposited now so that the account contains<br>exactly $19,000<br>at the end of four years? must be deposited<br>now so that the account contains exactly<br>$19,000 at the end of four years.<br>

Extracted text: Find the present value of the given perpetuity. $36,500 per year at the rate of 5% yearly The present value is A bank account pays 4.4% annual interest, compounded monthly. How much must be deposited now so that the account contains exactly $19,000 at the end of four years? must be deposited now so that the account contains exactly $19,000 at the end of four years.

Jun 06, 2022
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