SOLUTION: find the least number of years for which an annuity of 1000 must run in order that its amount just exceeds 16000 at 5% p.a. compound annually.
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Question 1081908: find the least number of years for which an annuity of 1000 must run in order that its amount just exceeds 16000 at 5% p.a. compound annually.
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
Work that out for the answer.
Remember to round up.
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