Stated annual percentage rate, Finance Basics

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Stated annual percentage rate

You want to set up an education trust for a relative starting in 2014. The trust will pay $25,000 a year starting in year 2022 and ending in year 2025. The stated annual percentage rate is 8% compounded annually.

a. How much will you have to invest in 2010 to achieve your objective?

b. How much will you have to invest each year from 2012 - 2017 to achieve your objective?

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Finance Basics: Stated annual percentage rate

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Finance Basics: Stated annual percentage rate

Reference No:- TGS0550720

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Provide a logic diagram

Q : How life is affected by art and culture which surrouds us

Q : Elements of the it project plan

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Stated annual percentage rate

Reference No:- TGS0550720

Recent Questions Asked Finance Basics

Q : Provide a logic diagram

Q : How life is affected by art and culture which surrouds us

Q : Elements of the it project plan

Q : Company attitude toward social responsibility

Q : Stated annual percentage rate

Q : What should happen in the memory interface

Q : Actions of corporations

Q : Explain widely used methods of desalination and distillation

Q : What control signals does the microcontroller send out

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