Question
person receives SR10,000 today and wants to invest it at 8% per year to be able to withdraw SR2000 every year forever. How long
person receives SR10,000 today and wants to invest it at 8% per year to be able to withdraw SR2000 every year forever. How long does he has to invest his money?
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Fundamentals of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
8th Edition
978-0073530628, 978-0077861629
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