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You want to buy your partner a painting fortheir 50th birthday which is in 6 years time. Your partner's favouriteartist currently sells their paintings for
You want to buy your partner a painting fortheir 50th birthday which is in 6 years time. Your partner's favouriteartist currently sells their paintings for $35672. An art valuerbelieves that the price of this artist's workwill increase by 4.1% per year until you are ready to buy. If you can presently invest to earn 13 % (after-tax), how much must you invest at the end of each year to be able to purchase the painting on their 50th birthday?
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