A trust fund will pay you $233,500 per year. The trust fund earns a return of 4.2

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A trust fund will pay you $233,500 per year. The trust fund earns a return of 4.2 %. How much money was originally invested in the trust fund assuming that you only receive income? This is a perpetuity problem.

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jun 20, 2023 04:29 AM

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A trust fund will pay you $233,500 per year. The trust fund earns a return of 4.2

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