You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes

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You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes its first payment in one year. If thecollege’s discount rate is 4%, how large will the annual scholarship payment be?

The annual scholarship payment will be $________

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Fundamentals of Corporate Finance

ISBN: 978-0132148238

2nd edition

Authors: Berk, DeMarzo, Harford

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Posted Date: Dec 13, 2018 02:20 AM

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You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes

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Fundamentals of Corporate Finance

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