Business, 12.02.2020 04:18, relic7391

A student deposits $1,642 in the bank that pays 6.2% interest yearly (using yearly compounding). After 5 years he withdraws the money from the account and deposits it in perpetual annuity with interest rate 7.5%, that pays X amount yearly. Find X.

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A student deposits $1,642 in the bank that pays 6.2% interest yearly (using yearly compounding). Aft...