## Calculus with Applications (10th Edition)

Published by Pearson

# Chapter 12 - Sequences and Series - 12.2 Annuities: An Application of Sequences - 12.2 Exercises - Page 622: 11

$136.1 #### Work Step by Step We are given$S=10.000, i=\frac{0.08}{12}, n=12\times5=60S=R[\frac{(1+i)^{n}-1}{i}]$so$\rightarrow R=\frac{10.000}{[\frac{(1+\frac{0.08}{12})^{60}-1}{\frac{0.08}{12}}]} \approx 136.1\$

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