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11 May, 10:33

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 4%, how large will the annual scholarship payment be? berk, jonathan; demarzo, peter; harford, jarrad (2017-01-18). fundamentals of corporate finance (berk, demarzo & harford, the corporate finance series) (page 121). pearson education. kindle edition.

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  1. 11 May, 10:54
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    100,000:4=x this is your answer
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