Williamsburg nursing home is investing in a restricted fund, Financial Management

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Williamsburg nursing home is investing in a restricted fund

Williamsburg Nursing Home is investing in a restricted fund for a new assisted-living home that will cost $6,000,000. How much do they need to invest each year to have $6,000,000 in 15 years if the expected rate of return on the investment is 12% and the hospital invests at the beginning of each year?

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Financial Management: Williamsburg nursing home is investing in a restricted fund

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