os $30,000 Od QUESTION 24 What is the present value of six annual payments of $500 to be made starting four years from now if the interest rate is 5%? 51586 Oa $2088 Ob OcS2192 OdS3401 $1892 Click Save and Submit to save and submit. Click Save All Answers to so all ans. SMA $90.00 in one year QUESTION 23 A wealthy alumnus of Stony Brook University wants to give an endowment for three needy students to take a course in finance cach year in perpetuity. The guaranteed annual cost of tuition in books for the course is S600 per student. The endowment will be created by making a single payment to the University. The University expects to earn 5% per year on these funds. How large must the single initial payment be? $36,000 $180,000 Ob. $15.000 $30,000 Od QUESTION 24 What is the present value of nix anmaal payments of S500 to be made starting four years from now if the interest rate is 5%? $1586 Click Save and to submit Chicken All Anti alla