Question
Sally Mander wants to set up a perpetual annuity for herself that will pay $70,000 annually that will begin 30 years from now. Assuming an
Sally Mander wants to set up a perpetual annuity for herself that will pay $70,000 annually that will begin 30 years from now. Assuming an interest rate of 5% during her retirement years and an interest rate of 9% for the next 40 years, how much will Sally need to save annually?
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Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
4th Edition
1640553223, 978-1640553224
