Find the annuity level payments to be paid at the end

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Reference no: EM132012857

Suppose that the investment rates of a certain business are 1% in January, 2% in February, 5% in March and 7% in April.

Starting with an initial amount of 1000 $ at the start of January, what will be the future value by the end of April.

If the future value of the annuity at the end of April is 600 $, find the annuity level payments to be paid at the end of each month.

Reference no: EM132012857

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