Question: You have been offered to make a one-time endowment which would provide you with $150,000 per year into perpetuity. The rate of interest is expected

You have been offered to make a one-time endowment which would provide you with $150,000 per year into perpetuity. The rate of interest is expected to be 5 percent for all future time periods. How much are you willing to pay for this endowment

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