Question
Cheyenne wishes to endow a professorship at her alma mater. She learns that to do so she mustcontribute $1,000,000. What annual salary would a $1,000,000
Cheyenne wishes to endow a professorship at her alma mater. She learns that to do so she mustcontribute $1,000,000. What annual salary would a $1,000,000 gift support forever if the salary payments are made monthly, starting one month after the gift and the moneys growth is governed by an annual effective interest rate of 6.383%?
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Handbook Of Anti Money Laundering
Authors: Dennis Cox
1st Edition
0470065745, 978-0470065747
