8 Find the lump sum that one must invest in an annuity to receive 1 000 at the end of each month for the next 15 years if the

Question

8 Find the lump sum that one must invest in an annuity to receive 1 000 at the end of each month for the next 15 years if the annuity pays 4 5 compounded monthly Number of periods n a Lump Sum rate per period i b How much interest is earned over the fifteen year period

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