Question
You want to endow a scholarship that gives the same amount of money every year forever. The discount rate is 7%. If you donate $100,000
You want to endow a scholarship that gives the same amount of money every year forever. The discount rate is 7%. If you donate $100,000 now and the rst scholarship is awarded in 10 years, how big of an annual scholarship will it be?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
