Question
Rachel wants to retire from her job and get hold of Php3,000/month. She wants the money to go to the future generation after she dies.
Rachel wants to retire from her job and get hold of Php3,000/month. She wants the money to go to the future generation after she dies. She will earn an interest rate of 8% compounded annually. What is the total amount she will need to achieve the perpetuity goal?
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Real Estate Investment Strategies Structures Decisions
Authors: David Hartzell, Andrew E. Baum
2nd Edition
1119526094, 978-1119526094
