Question
In eighteen years, you require an annuity stream of income that will pay out $100,000 per year for 6 years. You wish to create this
In eighteen years, you require an annuity stream of income that will pay out $100,000 per year for 6 years. You wish to create this annuity stream by putting away a single lump sum today. If your investments will make an average of 7% per year in interest, how much do you need to invest today?
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
