Mr. Larsen's will directed that $200,000 be invested to establish a perpetuity making payments at the end
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Mr. Larsen's will directed that $200,000 be invested to establish a perpetuity making payments at the end of each month to his wife for as long as she lives and subsequently to the Canadian Heart Foundation. What will the payments be if the funds can be invested to earn 4.8% compounded monthly?
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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