You want to endow a scholarship that will pay $10,000 per year forever, starting one year from

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You want to endow a scholarship that will pay $10,000 per year forever, starting one year from now. If the school’s endowment discount rate is 4%, what amount must you donate to endow the scholarship?

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Fundamentals of Corporate Finance

ISBN: 978-0132148238

2nd edition

Authors: Berk, DeMarzo, Harford

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Posted Date: Feb 03, 2020 01:05 PM

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You want to endow a scholarship that will pay $10,000 per year forever, starting one year from now. If the schools endowment discount rate is 7%, what amount must you donate to endow the scholarship?
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You want to endow a scholarship that will pay $10,000 per year forever, starting one year from

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Fundamentals of Corporate Finance

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