Question
You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes its first payment in one year. If the
You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes its first payment in one year. If the college's discount rate is 4%, how large will the annual scholarship payment be?
The annual scholarship payment will be $________
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Urban Infrastructure Finance And Management
Authors: K. Wellman, Marcus Spiller
1st Edition
0470672188, 978-0470672181
