Question
How much money would you have to deposit today to create an income stream that pays $10,000 one year from today and continues to make
How much money would you have to deposit today to create an income stream that pays $10,000 one year from today and continues to make annual payments forever, with payments after the first $10,000 growing at 4% per year? Assume money that you invest today to fund this income stream earns a 7% rate of return.
| $250,000 | ||
| $1,250,000 | ||
| $142,857 | ||
| $333,333 |
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The Municipal Budget Crunch A Handbook For Professionals
Authors: Roger L. Kemp
1st Edition
0786463740, 978-0786463749
