A company sets up a perpetuity to pay for office supplies. If the perpetuity earns 2.5% compounded
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A company sets up a perpetuity to pay for office supplies. If the perpetuity earns 2.5% compounded quarterly and there is initially $244,749, how much can they spend at the end of each quarter on supplies?
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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