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Nathaniel would like to establish a trust fund that will provide R380 000 a year, forever, for his descendants. The trust fund will be invested
Nathaniel would like to establish a trust fund that will provide R380 000 a year, forever, for his descendants. The trust fund will be invested very conservatively, so the expected rate of return is only 6,45%. How much money must he deposit today, to fund this gift for his descendants?
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Essentials Of Business Analytics
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams
1st Edition
128518727X, 978-1337360135, 978-1285187273
