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Question 3: Kendall has been successful in business and she is now doing some planning for her family estate. She would
Posted: Sun Jul 03, 2022 4:13 pm
by answerhappygod
- Question 3 Kendall Has Been Successful In Business And She Is Now Doing Some Planning For Her Family Estate She Would 1 (28.45 KiB) Viewed 12 times
Question 3: Kendall has been successful in business and she is now doing some planning for her family estate. She would like to make a lump sum investment today in a fund that would pay her family's estate $2,000 at the beginning of every month forever. She would like the fund to make its first payment to her estate in 6 years from today. The investment fund pays an interest rate of 6.75% p.a., compounded semi-annually, on Kendall's investment. How much would Kendall need to invest today to make sure her family estate is taken care of.