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7. A ten-year fund earning compound interest at a constant rate is withdrawn continuously, where the...

7. A ten-year fund earning compound interest at a constant rate is withdrawn continuously, where the annual interest rate, i, and the rate for annual payments, $X/year, are not revealed. You are told that the present value of the fund is $10,000 and the accumulated value of the fund at the end of ten years is $25,000. Find i and X. (Answer: i=9.596%, X=1,527.15)

Math Interest Theory/Financial Math
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