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# Annual Scholarship payment

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A scholarship provider has \$450000 which she will invest today to fund a scholarship forever. She expects to earn 7% on her money each year. If she wants to begin paying out the scholarship starting today, what will the annual scholarship payment be?

\$28,230
\$31,500
\$35,822
\$29,439

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A scholarship provider has \$450000 which she will invest today to fund a scholarship ...

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Annual Scholarship payment

\$2.19
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## How do you calculate the annual scholarship payment?

A scholarship provider has \$500,000 which she will invest today to fund a scholarship forever. She expects to earn 8% on her money each year. If she wants to begin paying out the scholarship starting today, what will the annual scholarship payment be?

\$40,000.00
\$37.037.04
6,750,000.00
\$36,800.00

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