Question: I need help for this perpetuity problem. Thank you in advance! What amount of money invested today at 15% interest can provide the following scholarships:
I need help for this perpetuity problem. Thank you in advance!
What amount of money invested today at 15% interest can provide the following scholarships: $30,000 at the end of 6 years; $40,000 for the next 6 years and $50,000 thereafter?
If you can, can you show with a cash flow diagram? Thank you!!
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