Question
To settle a lawsuit against your firm, you have agreed to pay the injured party $10,000 a year forever, starting one year from today. To
To settle a lawsuit against your firm, you have agreed to pay the injured party $10,000 a year forever, starting one year from today. To fully fund this liability, you established a trust fund in the amount of $153,846. What is the assumed interest rate on the trust fund? Show algebra please
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International Financial Management
Authors: Jeff Madura
7th Edition
0324071744, 978-0324071740
