Question
Johns Memorial Hospital has just been informed that a private donor is willing to contribute $3 million per year at the beginning of each year
Johns Memorial Hospital has just been informed that a private donor is willing to contribute $3 million per year at the beginning of each year for ten years. What is the current dollar value of this contribution if the discount rate is 8 percent?
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Mathematics For Business
Authors: Stanley A Salzman, Charles D Miller, Gary Clendenen
8th Edition
0321357434, 9780321357434
