Question: Could you provide a step by step explaining how to do this on a calculator D Question 21 1.09 pts You dream of endowing a

Could you provide a step by step explaining how to do this on a calculator

D Question 21 1.09 pts You dream of endowing a chair in finance at the local university that will provide a salary of $250,000 per year forever, with the first cash flow to be one year from today. If the university promises to invest the money at a rate of 4% per year, how much money must you give the university today to make your dream a reality? $8,857,143 O $3,000,000 O $6,250,000 This question cannot be answered

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