A local sponsor wishes to make an endowment for scholarship of $2,000 a year to our school
Fantastic news! We've Found the answer you've been seeking!
Question:
A local sponsor wishes to make an endowment for scholarship of $2,000 a year to our school but proposes that the first payment should not be made until four years. If long term investments can fetch 8 percent per annum, calculate the (present) value of the endowment (donation).
Related Book For
Posted Date: