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ILL UPVOTE 100%!!! Draw out the time line. Time line must include all cash flows stipulated in the problem occurring at the time period stipulated
ILL UPVOTE 100%!!! Draw out the time line. Time line must include all cash flows stipulated in the problem occurring at the time period stipulated in the problem.
On the time line, include arrows indicating the compounding or discounting of cash flows to the desired time period.
Under the time line, hand written explanation of your plan to solve the problem.
Scott plans to retire in 30 years when he has enough money to buy a perpetuity. Suppose the perpetuity pays $50,000 per year with an interest rate of 12%. How much must Scott save in order to retire if the perpetuity makes its first payment in 31 yearsStep by Step Solution
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