What is the annual equal amount of money you have to set


What is the annual equal amount of money you have to set aside to guarantee yourself an annual income to perpetuity of $65,000 starting in 41 years from now? You make the first payment in two years from now and the last payment in 40 years. Assume an interest rate of 4% (EAR).

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Financial Management: What is the annual equal amount of money you have to set
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