Anna kashfi from above is retiring at the end of next year, Ask an Expert

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Anna Kashfi (from above) is retiring at the end of next year. She would like to make sure she receives payments of $10,000 a year forever, starting when she retires, but now she would like these payments to grow by 1.5 percent each year. If she can earn 6.5 percent annually, how much does Anna need to invest to produce the desired cash flow?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92061082

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