Question
Alissa wants to provide the local library with $15,000 of financial support each year forever. If the rate of interest is 7.25%, how much money
Alissa wants to provide the local library with $15,000 of financial support each year forever. If the rate of interest is 7.25%, how much money will Alissa need to provide the library today to provide her desired level of support?
a)About $139,530
b) About $206,900
C) About $483,300
d) About $108,750
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Guardians Of Finance
Authors: James R. Barth, Gerard Caprio, Ross Levine
1st Edition
0262526840, 978-0262526845
