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Sally Mander wants to set up a perpetual annuity for herself that will pay $80,000 annually that will begin 40 years from now. Assuming an
Sally Mander wants to set up a perpetual annuity for herself that will pay $80,000 annually that will begin 40 years from now. Assuming an interest rate of 7% and with the impact of inflation of 3%. how much will Sally need to save annually? $8,045 $9,047 $10,018 $11.051
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
