Question
A college plans to set up an endowment fund that will provide a scholarship of $2,000 at the end of every quarter, in perpetuity. How
A college plans to set up an endowment fund that will provide a scholarship of $2,000 at the end of every quarter, in perpetuity. How much should the college invest in the fund, if the fund earns 4.00% compounded quarterly?
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Project Financing Analyzing And Structuring Projects
Authors: Frank J Fabozzi, Carmel De Nahlik
1st Edition
9811232393, 9789811232398
