Business, 30.10.2020 16:50 111432

Scott plans to retire in 30 years when he has enough money to buy a perpetuity. Suppose the perpetuity pays $50,000 per year with an interest rate of 12%. How much must Scott save in order to retire if the perpetuity makes its first payment in 31 years.

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Scott plans to retire in 30 years when he has enough money to buy a perpetuity. Suppose the perpetui...

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