Question
1. If Lisa Hamilton Want To fund a scholarship that would pay $12,500 per year forever at GSU, how much would Lisa Have to deposit
1. If Lisa Hamilton Want To fund a scholarship that would pay $12,500 per year forever at GSU, how much would Lisa Have to deposit today if she wanted the scholarship to start paying six (6)years from today? Assume the endowment could earn 6.25% p.a. interest forever.
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
