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You intend to endow a scholarship that pays $4,000 every 6 months, starting 6 months from now. If the appropriate discount rate is 3%
You intend to endow a scholarship that pays $4,000 every 6 months, starting 6 months from now. If the appropriate discount rate is 3% per 6-month period, how much money will you have to donate today to endow the scholarship? You will need to donate $ . (Round to the nearest dollar.)
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International Money and Finance
Authors: Michael Melvin, Stefan C. Norrbin
8th edition
978-8131234136, 123852471, 978-0123852472
