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

question 186

Short Answer

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?

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Definitions:

Objections to Utilitarianism

Criticisms of the ethical theory that suggests actions are right if they benefit the majority, often focusing on its potential neglect of individual rights and duties.

Great Suffering

A state of intense pain, distress, or hardship, which can be physical, emotional, or psychological in nature.

Many of People

Refers broadly to a large number of individuals in a group or population.