Question
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
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
7%,
The amount you must donate is
$
what amount must you donate to endow the scholarship?
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Quantitative Financial Risk Management
Authors: Constantin Zopounidis, Emilios Galariotis
1st Edition
1118738187, 978-1118738184
