Question
Your grandparents would like to establish a trust fund that will pay you and your heirs $190,000 per year forever with the first payment 9
Your grandparents would like to establish a trust fund that will pay you and your heirs $190,000 per year forever with the first payment 9 years from today. If the trust fund earns an annual return of 3.7 percent, how much must your grandparents deposit today?
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Contemporary Economics An Applications Approach
Authors: Robert Carbaugh
8th Edition
1138652199, 978-1138652194
