Question
23. A legal dispute delayed for 18 months the disbursement of a $500,000 bequest designated to provide quarterly payments in perpetuity to a hospice. While
23. A legal dispute delayed for 18 months the disbursement of a $500,000 bequest designated to provide quarterly payments in perpetuity to a hospice. While under the jurisdiction of the court, the funds earned interest at the rate of 5% compounded semiannually. The hospice has just invested the $500,000 along with its earnings in a perpetual fund earning 5.2% compounded semiannually. What payments will the hospice receive beginning three months from now?
24. In this section, does constant growth mean that each successive payment increases by the same dollar amount? If not, what does it mean? please do both answers typed , do not handwritten
please typed both answers do not handwritten
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