Sinking Fund Problem

2011-09-17 6:50 am
Mrs. Hart, at age 65, can expect to live for 25 years. If she can invest at 7% per annum compounded monthly, how much does she need now to guarantee herself $700 every month for the next 25 years?

回答 (1)

2011-09-17 4:52 pm
✔ 最佳答案
http://i1090.photobucket.com/albums/i376/Nelson_Yu/int-38.jpg

圖片參考:http://i1090.photobucket.com/albums/i376/Nelson_Yu/int-38.jpg


2011-09-23 23:11:04 補充:
what is your answer?


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