What must you invest today to receive an annuity of $4,500 for 10 years compounded at 8% quarterly when all withdrawals will be
1 answer:
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Answer:
x = ± 2
Step-by-step explanation:
Given
12 - x² = 0 ( add x² to both sides )
12 = x² or
x² = 12 ( take the square root of both sides )
x = ±
= ± = ± 2