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Margaret Tuttleswan donated a sum of money to the local veterinary college to provide annual student scholarships of $ 3 , 5 0 0 in

Margaret Tuttleswan donated a sum of money to the local veterinary college to provide annual
student scholarships of $3,500 in perpetuity. The scholarships are to be awarded at the beginning of
each year. If interest is 7% compounded annually, what is the present value of the donation?
Show all inputs and any other necessary work below.
P/Y =
C/Y =
N =
I/Y =
PV =
PMT =
FV =
Final A

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