Question
7. A former professor in the Mathematics department leaves in her will two million dollars, which provides a scholarship worth $100,000 starting one year after
7. A former professor in the Mathematics department leaves in her will two million dollars, which provides a scholarship worth $100,000 starting one year after the donation and continuing in perpetuity. What annual interest rate is being provided?
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
8th Edition
0357714636, 9780357714638
