A trust notifies Annie that she is entitled a grant that would give her annual payment of
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Question:
A trust notifies Annie that she is entitled a grant that would give her annual payment of $5,000 in perpetuity. Different from Question 5, the first payment to Annie will be made in the end of year 3. The interest rate is 6% per annum. What is the future value of the grant in the end of year 15?
Expert Answer:
To calculate the future value of the grant at the end of year 15 we need to find th... View the full answer
Related Book For 
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0133847154
5th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Posted Date:
