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how to solve using a financial calculator and timeline. Every time I calculate it I get $444,498 for PV. .Sustainability@Bu has raised money for a
how to solve using a financial calculator and timeline. Every time I calculate it I get $444,498 for PV.
.Sustainability@Bu has raised money for a scholarship for Boston Public School students who want to attend BU to study environmental science. The scholarship will award $10,000 each year and will grow at 2% per year forever. The first scholarship award will be 3 years from today. If the interest rate is 4%, how much will it cost sustainabilety@BU to fully fund the scholarship today? A) $444,498 B) $462,278 C) $500,000 D) $520,000Step by Step Solution
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