Question
How much do you need today to be able to pay out $5,000 per month for the next 11 years if you can earn 6.5%
How much do you need today to be able to pay out $5,000 per month for the next 11 years if you can earn 6.5% and the first payment is today?
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A. $461,342.55
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B. $473,192.16
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C. $491,329.81
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D. $470,642.85
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
