What minimum amount will have to be dedicated today to a fund earning 5.6% compounded quarterly, if
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a. Three months from now?
b. Five years from now?
Perpetuity
Perpetuity refers to payments that are made without an end or maturity date. A perpetuity is classified as an annuity, which is something that earns a dividend or receives a payment at a regularly scheduled interval, generally yearly. So, how...
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