Question $6$: $($Value $3$ marks$)$

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.Question $6$: $($Value $3$ marks$)$

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 Answer