Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 16, 2020

If a scholarship fund of 2327000 is to be jsed to pay out grants of 175000 at the end of every year in perpetulty what

If a scholarship fund of 2327000 is to be jsed to pay out grants of 175000 at the end of every year in perpetulty what effective rate of interest must the funds

Step by Step Solution

★★★★★

3.37 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

Value of a perpetuity Annual payments I... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting in an Economic Context

Authors: Jamie Pratt

8th Edition

9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292

More Books

Students also viewed these Finance questions

Question

An investment broker sells several kinds of investment products a stock fund, a bond fund, and a tax-deferred annuity. The broker wishes to study whether client satisfaction with its products and...

Answered: 1 week ago

Question

★★★★★

At the end of every year NIKE and adidas record inventory write-downs for items (footwear and apparel) that have lost value due to a variety of reasons, such as changing styles, defective...

Answered: 1 week ago

Question

★★★★★

If RRSP contributions of $3030.02 at the end of every six months are projected to generate a plan worth $500,000 in 25 years, what nominal and effective rates of return were assumed in the forecast?

Answered: 1 week ago

Question

★★★★★

Marketing costs like advertising and sales commissions are Multiple choice question. part of costs of goods sold. part of gross profit. selling expenses

Answered: 1 week ago

Question

★★★★★

1. Describe how you would convince Reid and Mark that all projects are not alike. Discuss how IT projects are different from projects in other disciplines and why this matters. Finally, describe how...

Answered: 1 week ago

Question

★★★★★

Starting with an initial speed of 5.00 m/s at a height of 0.300 m, a 1.50-kg ball swings downward and strikes a 4.60-kg ball that is at rest, as the drawing shows. (a) Using the principle of...

Answered: 1 week ago

Question

★★★★★

How would the results be influenced if applied to different types of people (e.g., rural or urban)?

Answered: 1 week ago

Question

★★★★★

On December 31, 2016, when the market interest rate is 14%, McCann Realty issues $400,000 of 11.25%, 10-year bonds payable. The bonds pay interest semiannually. Determine the present value of the...

Answered: 1 week ago

Question

★★★★★

Arabian Gulf Corporation reports the following stockholders equity section on December -Common stock: $10 par value: 700,000 shares authorized; 300,000 shares issued and outstanding - Paid in capital...

Answered: 1 week ago

Question

★★★★★

Determine the force in members GF, CF, and CD of the roof truss and indicate if the members are in tension or compression. 1.5 kN 1.70 m 2 kN 1.5 m 0,8 m G. -1 m- 2 m 2 m

Answered: 1 week ago

Question

★★★★★

Which of these recurring transactions could be used if an accountant needs to set up a monthly recurring prepaid expense? A recurring journal entry A recurring bill A recurring deposit A recurring...

Answered: 1 week ago

Question

★★★★★

How does the role of business and management play out in your future career growth and professional potential? What specific aspects from this class (BPM, CRM, Process Mapping, People Change...

Answered: 1 week ago

Question

★★★★★

According to the VBA code ofConduct, it is stated that you must not act as an arbiter where there is disagreement between the owner and an adjoining owner about protection work. Explain in detail how...

Answered: 1 week ago

Question

★★★★★

Sal Adamo's pizzeria struggles with completing orders on time on the weekends, and the customers aren't happy. Sal pulled his team together for a meeting and asked them for feedback on the problems....

Answered: 1 week ago

Question

★★★★★

1. Using your knowledge of Industry Structure, is the consumer electronic retail Industry (Best Buy) attractive to compete in for incumbent firms? Please explain. Buyer Power- Players- Underlying...

Answered: 1 week ago

Question

★★★★★

What is your opinion about individuals' voluntary behaviors that shape social structures? Feel free to provide a personal example of when you saw something in a social media user's post that inspired...

Answered: 1 week ago

Question

★★★★★

Carla Vista Co. is about to issue $315,300 of 10-year bonds paying an 10% interest rate, with interest payable semiannually. The discount rate for such securities is 12%. How much can Carla Vista...

Answered: 1 week ago

Question

★★★★★

QUESTION 9 HC-O-C-R R-C-O-CH HC-O-P-O-CH-CH-NH3* O || O a. Phosphatidic acid, Serine O b. Lysophosphatidic acid, Serine, Free FA O c. Lysophosphatidylserine, Free FA O d. 2 Free FAs, Serine, Glycerol...

Answered: 1 week ago

Question

★★★★★

The 2008 IFRS-based financial statements of EADS N.V., the owner of Airbus, the French-based airline manufacturer, included the following account information (in million euros). REQUIRED:a. Explain...

Answered: 1 week ago

Question

★★★★★

The terms of three different contracts follow. 1. $8,000 received at the beginning of each year for ten years, compounded at a 6 percent annual rate. 2. $8,000 received today and $20,000 rece3ived...

Answered: 1 week ago

Question

★★★★★

The SEC requires additional information in the proxy statements that describe the compensation packages of a companys top executives. A Wall Street Journal article published coon after the...

Answered: 1 week ago

Question

★★★★★

People of all cultures have a universal need to form meaningful bonds with others, have intimate relationships, and to belong to social groups (Baumeister & Leary, 1995); this leads to topics...

Answered: 1 week ago

Question

★★★★★

13.6 Explain three major approaches to the development of culturally informed services.

Answered: 1 week ago

Question

★★★★★

2. What have been some attempts at culturalization of traditional psychotherapy for diverse populations?

Answered: 1 week ago

Previous Question Next Question