Question
The crazy aunt you never met has died. In her will she left almost all her fortune to the finance department to create a commodity
The crazy aunt you never met has died. In her will she left almost all her fortune to the finance department to create a commodity futures trading center. In her wisdom, she set aside $200,000 in a fund earning 10% per year to be given to you in 10 years. She wants to make sure you earn this, so between now and then you will have to perform several good deeds, like cleaning parks and rivers, and help the community. In addition, she wants to instill generosity in you. If you want the money you will have to find a job and make sure you make the following donations to charity. Year 1 donate $5,000 to Save the Bay Year 2 donate $9,000 to The Rhode Island Foundation Year 5 donate $5,000 to American Red Cross Year 9 donate $25,000 to Cancer Research Institute In a sense, you can think about these donations as investments. What would be the return (both in $ and %) on your charitable investment?
In Excel; Preferably with equations
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