Suppose the interest rate is always 5.3%. Your grandparents deposit $542,832 at a bank for you. The
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Suppose the interest rate is always 5.3%. Your grandparents deposit $542,832 at a bank for you. The bank agrees that starting 15 years from now you and or offspring can withdraw a fixed amount of cash each year forever. Find the amount of the yearly cash flow.
Related Book For
Essentials of Statistics for Business and Economics
ISBN: 978-1305081598
7th edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
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