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Care facilities are expensive. Your mother wants a single room with her own bath-room. The annual estimated cost is $100,000, but your mother does not
Care facilities are expensive. Your mother wants a single room with her own bath-room. The annual estimated cost is $100,000, but your mother does not anticipate entering the facility for four years. Her life expectancy when she enters the facility will be three years. Currently she has $200,000 in assets that are earning 6 percent. How much must she invest annually to meet her anticipated financial needs? Please show how to do on excel.
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