Question
Suppose you wish to endow a scholarship at Iowa State University. The aim is to provide $50,000 forever starting from next year. If the interest
Suppose you wish to endow a scholarship at Iowa State University. The aim is to provide $50,000 forever starting from next year. If the interest rate is 8%, how much would you need to set up this endowment today?
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Financial Planning & Analysis And Performance Management
Authors: Jack Alexander
1st Edition
1119491487, 9781119491484
