Revision as of 00:43, 19 November 2023 by Admin (Created page with "'''Solution: D''' Value of fund after 20 years: <math display = "block"> \begin{aligned} 500\ddot{s}_{\overline{{{120}}|0.01}}(1.01)^{120}=383,404.42 \\ 383,404.42=\frac{X}{d}=\frac{X}{i}(1+i)=\frac{X}{0.01}(1.01) \\ X = 3796.08. \end{aligned} </math> {{soacopyright | 2023 }}")
Exercise
ABy Admin
Nov 19'23
Answer
Solution: D
Value of fund after 20 years:
[[math]]
\begin{aligned}
500\ddot{s}_{\overline{{{120}}|0.01}}(1.01)^{120}=383,404.42 \\
383,404.42=\frac{X}{d}=\frac{X}{i}(1+i)=\frac{X}{0.01}(1.01) \\
X = 3796.08.
\end{aligned}
[[/math]]
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