Perpetuity, Annuity
Not what you're looking for?
An organization will raise funds for an endowment that will provide a Fund with $3,000,000 per year perpetuity. The endowment will be given at the end of the fifth year. The rate of interest is excepted to be 9 percent in all future periods. How much should be deposited each year to accumulate to the required amount ___
$5,569.479, $3,333,333, $1,830,275, or $8,568,980
Purchase this Solution
Solution Summary
The solution calculates annuity that will provide a Fund with $3,000,000 per year perpetuity.
Solution Preview
An organization will raise funds for an endowment that will provide a Fund with $3,000,000 per year perpetuity. The endowment will be given at the end of the fifth year. The rate of interest is excepted to be 9 percent in all future periods. How much should be ...
Purchase this Solution
Free BrainMass Quizzes
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Motivation
This tests some key elements of major motivation theories.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.