Assume that your savings account will return a constant 10 % forever. You will deposit $2000 today.
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Assume that your savings account will return a constant 10 % forever. You will deposit $2000 today. Suppose you and your descendants plan to continue to increase the size of the deposit by 5 % each year forever. What is the present value of such a savings program?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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