Putnam 1958 February A6
Source: Putnam 1958 February
July 18, 2022
PutnamEffective annual Interest Rate
Problem Statement
What is the smallest amount that may be invested at interest rate , compounded annually, in order that one may withdraw dollar at the end of the first year, dollars at the end of the second year, , dollars at the end of the -th year, in perpetuity?