Question
25. Sarah wishes to start saving for a lump-sum amount of $100,000 (in todays money) that is needed in 4 years. She assumes an inflation
25. Sarah wishes to start saving for a lump-sum amount of $100,000 (in todays money) that is needed in 4 years. She assumes an inflation rate of 3% and an investment rate of return of 7.5%. If Sarah were to deposit the needed savings at the end of each 4 years, what is her deposit (PMT) in the second year using the serial payment method?
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
