question archive You want to endow a scholarship that will pay $10,000 per year forever, starting one year from now
You want to endow a scholarship that will pay $10,000 per year forever, starting one year from now
Subject:FinancePrice: Bought3
You want to endow a scholarship that will pay $10,000 per year forever, starting one year from now. If the school’s endowment discount rate is 4%, what amount must you donate to endow the scholarship?
