Question
Now, it is April. Lisa has to withdraw $1,000,000 per quarter for four years from this July to pay her tuition. If the account pays
Now, it is April. Lisa has to withdraw $1,000,000 per quarter for four years from this July to pay her tuition. If the account pays 0.5% interest per quarter, how much should she put into the account now?
Please help fill in the below.
Condition
Rate: ?
Payment ??? $/quarte
Nper: ??? / quarters
-----------------
PV in July
PV in April
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ISE Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
18th International Edition
1265074658, 9781265074654
