Question
Your parents would like to establish a trust fund that would pay annual payment to you and your heirs of $50,000 a year forever. How
Your parents would like to establish a trust fund that would pay annual payment to you and your heirs of $50,000 a year forever. How much do your parents deposit into this trust fund today to achieve their goal if the fund can earn 6 percent interest?
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
