Question
Amy Monroe wants to create a fund today that will enabler her to withdraw $25,000 per year for 8 years, with the first withdrawal to
Amy Monroe wants to create a fund today that will enabler her to withdraw $25,000 per year for 8 years, with the first withdrawal to take place 5 years from today. If the fund earns 8% interest, how much must Amy invest today? Using financial calculator!!!!!
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Handbook Of Financial Intermediation And Banking
Authors: Anjan V. Thakor, Arnoud Boot
1st Edition
0444515585, 978-0444515582
