If an endowment fund of $2,327,000 is to be used to pay out grants of $175,000 at the end of every year in perpetuity what effective rate of interest must the funds earn?

Calculate the present value of a deferred annuity of 20 annual payments of $100,000 each The interest rate is 13.5% compounded annually and the first payment will be made 11 years from now.

Heather is planning to invest a constant amount of money at the end of every year for 15 years and then allow her money to accumulate interest for 15 more years without any additional deposits. If her investments earn 11% compounded annually and she must have $650,000 in 30 years, how much will she invest at the end of each of the next 15 years?

What amount can be paid at the end of every six months, in perpetuity, from an endowment of $475,000 earning 7% compounded annually?