You want to endow a scholarship that will pay $5,000 per year forever, starting one year from

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You want to endow a scholarship that will pay $5,000 per year forever, starting one year from now. If the school’s endowment discount rate is 6%, what amount must you donate to endow the scholarship?

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Corporate Finance

ISBN: 9780273792024

3rd Global Edition

Authors: Peter Demarzo, Jonathan Berk

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Question Posted: Jun 11, 2024 01:04 AM

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You want to endow a scholarship that will pay $5,000 per year forever, starting one year from

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Corporate Finance

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