Question
Aunt Clara has promised to leave you $200 a year starting next year and have it increase at 6% a year thereafter. The payments are
Aunt Clara has promised to leave you $200 a year starting next year and have it increase at 6% a year thereafter. The payments are expected to go on indefinitely. How much has Aunt Clara left you if your opportunity cost is 10 percent?
$2,500
$3,000
$4,000
$5,000
$6,000
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
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