Question
Stanton Trust Fund is to pay $5000 at the end of every year to the scholarship- funded students voted most deserving based on their dedication
Stanton Trust Fund is to pay $5000 at the end of every year to the scholarship- funded students voted most deserving based on their dedication to the ideals of good citizenship. The Trust Fund earns 7.4% compounded semi-annually. What is the present value of this perpetuity?
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Authors: Maggie B. Berry
1st Edition
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