Question
A philanthropist decides to give back to his university by starting a permanent scholarship fund. She plans to donate money now so that $10,000 per
A philanthropistdecides to "give back" to his university by starting a permanent scholarship fund. She plans to donate money now so that $10,000 per year can be withdrawn each year forever, beginning in year 31. If the fund earns interest at a rate of 10% per year compounded annually, how much money must be donated now?
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Modeling the Dynamics of Life Calculus and Probability for Life Scientists
Authors: Frederick R. Adler
3rd edition
840064187, 978-1285225975, 128522597X, 978-0840064189
