On December 1, 2019, a philanthropist set up a permanent trust fund to buy Christmas presents for
Question:
On December 1, 2019, a philanthropist set up a permanent trust fund to buy Christmas presents for needy children. The fund will provide $90,000 each year beginning on December 1, 2029. How much must have been set aside in 2019 if the money earns 3% interest compounded annually?
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R i 3000000 ...View the full answer
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Related Book For 
Finite Mathematics And Its Applications
ISBN: 9780137616619
13th Edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel , Jill Simmons
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