You would like to establish a trust fund to provide $140,000 a year forever for your heir.
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You would like to establish a trust fund to provide $140,000 a year forever for your heir. The expected rate of return is 5.45%. How much money must you deposit today to fund this gift?
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Posted Date: