Answer to Question #122947 in Finance for Natasha

Question #122947
what annual deposits are needed for 10 years to provide for a perpetuity of $3000 per year with the first payment due at the end of 11, 1 year after the final deposit with J1 = 8% per annum
1
Expert's answer
2020-06-30T18:34:35-0400

"x*0.08=3000"

"x=37,500" - amount at the end of 11 years

"37,500=A*\\frac{1.08(1-1.08^{10})}{-0.08}*1.08"

"A=2,219.31"

A - annual deposit


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