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You want to endow a scholarship that will pay $9,000 per year forever, starting one year from now. If the school's endowment discount rate
You want to endow a scholarship that will pay $9,000 per year forever, starting one year from now. If the school's endowment discount rate is 5%, what amount must you donate to endow the scholarship? The amount you must donate is $ (Round to the nearest cent.)
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Investments An Introduction
Authors: Herbert B. Mayo
12th edition
1305638417, 978-1337430937, 1337430935, 978-1305638419
