Joyce albertson wants to receive the equivalent of 40000 in, Ask an Expert

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Joyce Albertson wants to receive the equivalent of $40,000 in today's dollars at the beggining of each year for the next 15 years.

She assumes that inflation will average 5% over the long run and that she can earn a 10% compound annual after -tax return on investments. What lump sum is required to fund her needs?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92802100

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