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| rev | Admin | (Created page with "'''Solution: B''' Deposits: x at 8% convertible monthly = .0067 every month Withdrawals: 50,000 at months 48, 60, 72, 84 <math display = "block"> \begin{aligned} & X s_{\overline{84}|.0067}-50,000(1.0067)^{36}-50,000(1.0067)^{24} \\ & \quad-50,000(1.0067)^{12}-50,000=0 \\ & X s_{\overline{84} |.0067}=226,450.1209 \\ & \left.X\left[(1.0067)^{84}-1\right) / .0067\right]=226,450.1209\end{aligned} </math> X = 2016.80 {{cite web |url=https://digitalcommons.calpoly.edu/...") | Nov 22'23 at 0:15 | +685 |