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What annual payment would a scholarship provide if it earned a 7.5% rate of return on perpetuity that has a cost of $32,500? a. $433,333.33
What annual payment would a scholarship provide if it earned a 7.5% rate of return on perpetuity that has a cost of $32,500?
| a. | $433,333.33 | |
| b. | $2,437.50 | |
| c. | $3,250 | |
| d. | $3,188 |
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Personal Finance A Practical Approach
Authors: Jane King, Mary Carey
1st Edition
0199668833, 9780199668830
