The fund will disburse monthly for 12 years and the desired, Finance Basics

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The fund will disburse monthly for 12 years and the desired

A firm will set up a fund for retirees. A cash contribution will be made today, in the amount of $2,000,000, and will assume to earn interest at the rate of 8% per annum. The fund will disburse monthly for 12 years, and the desired cash balance at the end of 12 years is $1,000,000. What is the monthly payment that can be made from this fund?

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Finance Basics: The fund will disburse monthly for 12 years and the desired

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Finance Basics: The fund will disburse monthly for 12 years and the desired

Reference No:- TGS0633185

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Finance Basics: The fund will disburse monthly for 12 years and the desired

Reference No:- TGS0633185

Recent Questions Asked Finance Basics

Q : In the figure block 2 mass 110 kg is at rest on a

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