Question
You won$100000 in alottery and you want to set some of that sum aside for 10 years. After 10 years,you would like to receive $2400
You won$100000 in alottery and you want to set some of that sum aside for 10 years. After 10 years,you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly?
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
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9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
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