Consider an annual deferred installment annuity of 5000 euro for the first 5 years and 10000 euro for n subsequent years. Determine n and the amount of the supplementary installment to be paid together with the last one, the present value of the annuity being 60000 euro and the annual rate being 12%.
Consider an annual deferred installment annuity of 5000 euro for the first 5 years and 10000 euro for n subsequent years.
- Thread starter Lucio
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What formula(s) have they given you? What have you applied? How?
Please be complete. Thank you!