Question
A lump sum S deposited into either fund X or fund Y will be exactly sufficient to provide a perpetuity of $100 per year with
A lump sum S deposited into either fund X or fund Y will be exactly sufficient to provide a perpetuity of $100 per year with the first payment due at the end of one year.
Fund X will earn interest at an effective annual rate of 10% for the first 30 years and 6% thereafter.
Fund Y will earn interest at a level effective annual rate of j.
In which of the following ranges is j?
someone help?
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The Municipal Budget Crunch A Handbook For Professionals
Authors: Roger L. Kemp
1st Edition
0786463740, 978-0786463749
