You intend to endow a scholarship that pays $5000 every 6 months, starting 6 months from now.
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You intend to endow a scholarship that pays $5000 every 6 months, starting 6 months from now. If the appropriate discount rate is 2% per 6-month period, how much money will you have to donate today to endow the scholarship?
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This is still a standard perpetuity but wit...View the full answer
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Shameen Tahir
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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