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Expected rate of return on the investment

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Reference no: EM132390843

Williamsburg Nursing Home is investing in a restricted fund for a new assisted-living home that will cost $6 million. How much money do they need to invest each year to have $6 million in fifteen years?

If the expected rate of return on the investment is 10%, and the hospital invests at the end of each year?

(Round to the nearest dollar - no dollar sign or commas)

Reference no: EM132390843

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