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killerbear900 killerbear900
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8 months ago
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

Corporate Finance


Edition: 5th
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eminemluvr87eminemluvr87
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8 months ago
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killerbear900 Author
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8 months ago
Thank you, thank you, thank you!
Turboturner
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Yesterday
Good timing, thanks!
africa143
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2 hours ago
Thanks
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