Question: Consider the same situation as in Question 1. Suppose you want to have $20,000 on the account 30 years from now. How much of the
Consider the same situation as in Question 1. Suppose you want to have $20,000 on the account 30 years from now. How much of the money you re ceive from the trust fund must you put in the savings account (as soon as you get it) in order to reach that savings goal? 3. The market rate is a 6 % EAR. What's the value of the following cash flow stream on January 1, 2020? Interpret the result. 4. Jan-1-2022 $400 Jan-1-2021 $200 Jan-1-2020
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