lil8174
lil8174
15.05.2021 • 
Mathematics

Suppose that your friend, Danival Arnarsson, wants to have $5,000,000 in his savings account in 45 years' time. The bank of Hastroisil offers
Danival an ordinary annuity at a rate of 2.091% per year compounded
monthly. How much will Danival have to pay into the annuity at the end
of each month?

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