Calculation of annual cash flow with a nominal rate

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Problem:

You are looking to invest in a security that will provide an annual return of $38,000.  How much would you have to invest at a nominal rate of 8% to fund this annual cash flow?

Summary of question:

This question basically belongs to Finance as well as it explains about calculation of annual cash flow with a nominal rate of 8%. 

Reference no: EM13827048

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