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What is the annual equal amount of money you have to set aside to guarantee yourself an annual income to perpetuity of $ 1 5
What is the annual equal amount of money you have to set aside to guarantee yourself an annual income to perpetuity of $ starting in years from now? You make the first payment in three years from now and the last payment in years. Assume an interest rate of EAR
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I've asked this question before but the expert just seemed to pull numbers out of nowhere when calculating PMT at the end...
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