You want to endow a scholarship that will pay $13000 per year forever, starting one year from now. If the school's endowment d

Question

3 years ago

7

You want to endow a scholarship that will pay $13000 per year forever, starting one year from now. If the school's endowment d

iscount rate is 6%, what amount must you donate to endow the scholarship? How would your answer change if you endow it now, but it makes the first award to a student 10 years from today?

Business

1 answer:

Xelga [282] · Answer 1 · 2022-01-17T07:23:19+03:00

Xelga [282]3 years ago

8 0

Answer:

The answer of the exercise is attached in the microsoft excel document.

Explanation:

There are two images attached. The first one has the answers, and the second one have the operations displayed and necessary to obtain the results demanded.

You want to endow a scholarship that will pay $13000 per year​ forever, starting one year from now. If the​ school's endowment d

You want to endow a scholarship that will pay $13000 per year forever, starting one year from now. If the school's endowment d