Question
You intend to endow a scholarship that pays $3,000 every 6 months, starting 6 months from now. If the appropriate discount rate is 4% per
You intend to endow a scholarship that pays $3,000 every 6 months, starting 6 months from now. If the appropriate discount rate is 4% per 6-month period, how much money will you have to donate today to endow the scholarship?
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Empirical Finance
Authors: Sardar M. N. Islam, Sethapong Watanapalachaikul
1st Edition
3790815519, 978-3790815511
