Question
Dunbar College just received a significant donation. This donation will be arranged as receiving 16 annual payments of $50,000 per year from the donor, with
Dunbar College just received a significant donation. This donation will be arranged as receiving 16 annual payments of $50,000 per year from the donor, with the first annual payment being received today. Given a discount rate of 4.5% per year, what is the present value today of this donation?
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
5th Edition
0078110289, 978-0078110283
