2

Question 2 1 pts Having achieved immense success since graduating from university, you have set up an endowment fund to which you will contribute $100,000 today, with this amount declining at a constant rate of 2% p.a. in perpetuity. If the interest rate appropriate for valuing this contribution is 10% p.a., its present value is closest to: O $816,667. O $933,333 $916,667. $1,375,000.