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Question 2 You wish to set up a foundation to give an annual donation in perpetuity to your favourite charity, so you deposit RM15,000 today

Question 2

You wish to set up a foundation to give an annual donation in perpetuity to your favourite charity, so you deposit RM15,000 today in a trust account that earns 7%pa.

i) How much will your annual donation be if the first one is in one years time?

ii) How much will your annual donation be if the first one is in four years time?

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