You are going to deposit 800$ into an account at the beginning of each year for the next 20 years(First payment is today). Starting in year 20, you will begin receiving perpetuity from the account. First payment from the perpetuity will be at the end of year 20. If the account pays 14% (EAR), how much will you receive in each year from this perpetuity? Answer is : 10,194.79 However I keep getting $11,622.06
Perpetuity from the account
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