Question
What is the annual equal amount of money you have to set aside to guarantee yourself an annual income to perpetuity of $65,000 starting in
What is the annual equal amount of money you have to set aside to guarantee yourself an annual income to
perpetuity of $65,000 starting in 41 years from now? You make the first payment in two years from now and the last payment in 40 years. Assume an interest rate of 4% (EAR).
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Financial Management For Decision Makers
Authors: Peter Atrill
7th Edition
129201606X, 978-1292016061
