Question
You want to create an endowment for your favorite charity. You want for your endowment to pay $100,000 per year forever, with the first cash
You want to create an endowment for your favorite charity. You want for your endowment to pay $100,000 per year forever, with the first cash flow occurring
11 years from now. Assuming that you can earn a 3.0%/year rate of return on your money, how much must you deposit into the endowment today?
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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
