Question
Your parents would like to establish a trust fund that would pay anual payments to you of $50,000 a year forever. The fund will earn
Your parents would like to establish a trust fund that would pay anual payments to you of $50,000 a year forever. The fund will earn a guarenteed return of 8 percent. How much do your parents need to deposit into this trust fund today to acheive their goal?
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Sport Finance
Authors: Gil Fried, Steven Shapiro, Timothy D. Deschriver
2nd Edition
0736067701, 978-0736067706
