How much money was deposited 35 years ago at 10% per year interest if it is sufficient

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How much money was deposited 35 years ago at 10% per year interest if it is sufficient to provide a perpetual income of $10,000 per year beginning now, year 35?

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 24, 2018 08:56 AM

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How much money was deposited 35 years ago at 10% per year interest if it is sufficient

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P 1 10000010 ...View the full answer

Engineering Economy

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