What minimum amount will have to be dedicated today to a fund earning 5.6% compounded quarterly if the first quarterly payment of $2,000 in perpetuity is to occur:
a) three months from now?
b) five years from now?

Question

Quizplus · Accepted Answer

The Answer of What minimum amount will have to be dedicated today to a fund earning 5.6% compounded quarterly if the first quarterly payment of $2,000 in perpetuity is to occur:
a) three months from now?
b) five years from now?

What Minimum Amount Will Have to Be Dedicated Today to a Fund