Question
In order to create an endowment, which pays $100,000 per year, forever, how much money must be set aside today in the rate of interest
In order to create an endowment, which pays $100,000 per year, forever, how much money must be set aside today in the rate of interest is 10%?
If the first perpetuity payment will not be received until four years from today, how much money needs to be set aside today?
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Statistics For Business Decision Making And Analysis
Authors: Robert Stine, Dean Foster
2nd Edition
978-0321836519, 321836510, 978-0321890269
