Question
What monthly compounded nominal rate of return must an endowment of $720,000 earn to fully fund a perpetuity of $3,000 beginning of month payment. 5.06%
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What monthly compounded nominal rate of return must an endowment of $720,000 earn to fully fund a perpetuity of $3,000 beginning of month payment.
5.06% compounded monthly
5.02% compounded monthly
5.00% compounded monthly
5.08% compounded monthly
5.04% compounded monthly
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Enterprise Risk Management Todays Leading Research And Best Practices For Tomorrows Executives
Authors: John R. S. Fraser, Rob Quail, Betty Simkins
1st Edition
1119741483, 978-1119741480
