How much each year will you receive from the perpetuity

Reference no: EM13263586

You are going to pay $800 into an account at the beginning of each of 20 years. The account will then be left to compound for an additional 20 years. At the end of the 41st year you will begin receiving a perpetuity from the account. If the account pays 14% per annum, how much each year will you receive from the perpetuity (round to nearest $1 000)?

Reference no: EM13263586

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