Question
You want to endow a scholarship that will pay $ 11, 000 per year forever, starting one year from now. If the school's endowment discount
You want to endow a scholarship that will pay $ 11, 000 per year forever, starting one year from now. If the school's endowment discount rate is 7 %, what amount must you donate to endow the scholarship?
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
