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Time Value of Money: You are hoping to set up a fund for your family to pay out $25,000 per year indefinitely. If current interest

Time Value of Money: You are hoping to set up a fund for your family to pay out $25,000 per year indefinitely. If current interest rates are 4% how much will you need to deposit today? Suppose, you want to see the payout grow by 5% to cover any unforeseen costs, by how much does your deposit need to increase to develop a sustaining fund?

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