Mathematics
Mathematics, 21.02.2020 02:54, kdawg203

An annuity pays 1 at the end of each year for n years. Using an annual effective interest rate of i, the accumulated value of the annuity at time (n + 1) is 13.776. It is also known that (1 + i)n = 2.476. Calculate n.

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An annuity pays 1 at the end of each year for n years. Using an annual effective interest rate of i,...

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