Problem $6$

What is the annual equal amount of money you have to set aside to guarantee yourself an annual income to

perpetuity of $$15,000$ starting in $41$ years from now? You make the first payment in three years from now and the

last payment in $40$ years. Assume an interest rate of $7\%($EAR$).$ Problem $6)$ What is the annual equal amount of money you have to set aside to guarantee yourself an annual income to perpetuity of $$15,000$ starting in $41$ years from now?

Question $10$Select one:

$$1,249$

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$$1,242$

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$$1,329$

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$$1,073$

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$$1,235$

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$$18,595$

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$$1,161$

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$$1,000$

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