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your grandfather is retiring at the end of the year. He would like to ensure that his heirs receive payments of $9600 a year forever,
your grandfather is retiring at the end of the year. He would like to ensure that his heirs receive payments of $9600 a year forever, starting when he retires. If he can earn 6.10% annually, how much does your grandfather need to invest to produce a desired cash flow?
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Financial Crimes
Authors: Maximilian Edelbacher, Peter Kratcoski, Michael Theil
1st Edition
0367866528, 978-0367866525
