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Using a 3% annual compound interest rate, what investment today is needed in order to withdraw $7,000 annually a. for 10 years? b. for 10
Using a 3% annual compound interest rate, what investment today is needed in order to withdraw $7,000 annually
a. for 10 years?
b. for 10 years if the first withdrawal does not occur for 3 years
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The New Public Finance
Authors: Inge Kaul, Pedro Condeicao
1st Edition
0195179978, 978-0195179972
