What is the equal payment series for 12 years that is equivalent to a payment series of 15 000 at the end of t first year

Question

What is the equal payment series for 12 years that is equivalent to a payment series of 15 000 at the end of t first year decreasing by 1 000 each year over 12 years Interest is 8 compounded annually Click the icon to view the interest and annuity table for discrete compounding when 8 per year The equal payment series equivalent is Round to the nearest dollar

Kunduz · Accepted Answer

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