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You've decided that your family is comfortable living on an annual income of 150,000, growing at 4% per year. You'd also want to continue generating this cash flow for your descendants, forever. With interest rates of 8%, how much wealth would you need today to provide this income startng with 150,000 one year from now?

Please explain.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91789724

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