Question
a wealthy benefactor just contributed to your college's scholarship program. This gift will provide $20,000 in scholarships next year with that amount increasing by 2
a wealthy benefactor just contributed to your college's scholarship program. This gift will provide $20,000 in scholarships next year with that amount increasing by 2 percent annually thereafter. if the discount rate is 6.5 percent, what is the current value of this perpetual gift?
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Business Analysis And Valuation Using Financial Statements Text And Cases
Authors: Krishna G. Palepu, Paul M. Healy, Victor Lewis Bernard, W.Gordon Filby
2nd Edition
0324015658, 9780324015652
