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In 30 years, you plan to set up a fellowship fund for your university that pays out $100,000 each ...

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In 30 years, you plan to set up a fellowship fund for your university that pays out $100,000 each ...

In 30 years, you plan to set up a fellowship fund for your university that pays out $100,000 each year in perpetuity with an annually compounded discount rate of 5%. In order to set up the fund in 30 years, how much do you need to save each year (starting at the end of this year) assuming you can get a semi-annually compounded return of 10% on your savings for the next 30 years?

▸ $30,000.00

▸ $21,215.49

▸ $66,666.67

▸ $11,595.56

▸ $30,744.90

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Corporate Finance

Edition: 5^th

Author: Booth

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