|
- UID
- 222248
- 帖子
- 353
- 主题
- 79
- 注册时间
- 2011-7-2
- 最后登录
- 2016-4-18
|
“WITH THE FIRST ANNUAL PAYMENT DUE ONE YEAR FROM NOW” = cash outflow at the end of year 1 … do not back out of asset base.
make a donation of 100k annually “BEGINNING ONE YEAR FROM NOW” = cash outflow at the inception of yr 1 … ok to back out of asset base.
that’s how I read it. Just draw tables if it helps you conceptualize. |
|
发表于 2013-4-1 13:57
|