You deposit $20,000 today into a fund paying j1 = 8%.From this fund,you receive 10 payments of $R,with the payments made at the end of 2 years,4 years,6 years,…,20 years.What is R?
A) $4942.10
B) $4912.76
C) $4237.05
D) $4138.02
Correct Answer:
Verified
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