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If the expected rate of return on the investment is 12 and

Nursing Home is investing in a restricted fund for a new assisted-living home that will cost $6 million. How much money do they need to invest each year to have $6 million in fifteen years?

If the expected rate of return on the investment is 12%, and the hospital invests at the end of each year?

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Finance Basics: If the expected rate of return on the investment is 12 and

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