Unformatted text preview: N=18 I=15 PV=0 FV=42,824.46 CPT PMT= -564.69 Now, assume that Aunt Martha comes to town and proposes to set aside a single lump sum amount into a mutual fund. How much should she set aside. Only changes required are: PMT = 0 CPT PV = -3,460.45...
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- Spring '09
- Payment, 15 percent, Aunt Martha