You plan to donate $275,000 to establish a fund to support the Feliciano School of Business at
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You plan to donate $275,000 to establish a fund to support the Feliciano School of Business at Montclair State. For that sum, your bank offers to establish a perpetuity that will pay $12,000 every year into the future. What is the rate the banker is offering on this deposit?
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ISBN: 9780132555524
4th Edition
Authors: Bruce R. Barringer, R. Duane Ireland
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