Question
Beginning at the end of this year and continuing indefinitely each year after, a school scholarhsip will pay a different student $6000 a year. Assuming
Beginning at the end of this year and continuing indefinitely each year after, a school scholarhsip will pay a different student $6000 a year. Assuming a 6% discount rate, what is the present value cost of this scholarship to the school.
| $100,000 | ||
| $6,360 | ||
| $60,000 | ||
| $66,000 |
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Handbook On Second Lien Loans & Intercreditor Agreements
Authors: Mark N. Berman, Jo Ann J. Brighton
1st Edition
0981865593, 978-0981865591
