You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes

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You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes its first payment in 1 year. If the college’s discount rate is 5%, how large will the annual scholarship payment be?

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Derivatives Markets

ISBN: 9789332536746

3rd edition

Authors: Robert McDonald

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Posted Date: Feb 03, 2020 01:05 PM

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Derivatives Markets

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