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You want to receive $5,000 per month for the next 5 years. . How much would you need to deposit today if you can earn
You want to receive $5,000 per month for the next 5 years. . How much would you need to deposit today if you can earn 0.75% per month? What monthly rate would you need to earn if you only have $200,000 to deposit? Suppose you have $200,000 to deposit and can earn 0.75% per month. . How many months could you receive the $5,000 payment? How much could you receive every month for 5 years
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