Question
A lump sum of money is to be invested now at 8%/year interest so that $800 can be withdrawn at the end of each year
A lump sum of money is to be invested now at 8%/year interest so that $800 can be withdrawn at the end of each year for 8 years. The minimum amount that must be invested is most nearly
$4400
$4600
$5100
$5900-wrong
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Public Finance And Public Policy
Authors: Arye L. Hillman
2nd Edition
0521738059, 978-0521738057
