Question
Given an interest rate of 5.5% per year, the required budget for next year is $20,000 and is estimated to rise by 3.5% per year
Given an interest rate of 5.5% per year, the required budget for next year is $20,000 and is estimated to rise by 3.5% per year in perpetuity. To satisfy this budget, how much do you need to donate now?
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
