Question
Instead of investing the entire $2,000,000,Johninvests $590,000today and plans to make9equal annual investments into the fund beginning one year from today. What amount should the
Instead of investing the entire $2,000,000,Johninvests $590,000today and plans to make9equal annual investments into the fund beginning one year from today. What amount should the payments be to establish the $3,998,000Johnthe Tank Foundation at the end of9years. The rate is 8% compounded annually
What amount should the annual payments be to establish the $3,998,000 to start the foundation?
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Financial Accounting An International Introduction
Authors: David Alexander, Christopher Nobes
3rd Edition
273709268, 273709267, 978-0273709268
