Nick can invest $10,000 in either
one of two annuities, annuity a
has a 6% annual interest r...
Mathematics, 26.04.2021 23:10 cam1976
Nick can invest $10,000 in either
one of two annuities, annuity a
has a 6% annual interest rate
and requires a starting principal
of $9,000, plus annual $100
deposits for the next 10 years.
annuity b has a 12% annual
interest rate and requires a
starting principal of $9,000,
plus annual $200 deposits for
the next 5 years.
what is the difference between
the final balances of the two
annuities?
Answers: 1
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