An Alumna of Eastern Mediterranean University wanted to set up an endowment fund that would award scholarships to female engineering students totaling $ 100000 per year forever. The first scholarships are to be granted now and continue each year forever. How much must the alumna donate now? If the ROR is 11% per year.

An Alumna of Eastern Mediterranean University wanted to set up an endowment fund that would award scholarships to female engineering students totaling $ 100000 per year forever. The first scholarships are to be granted now and continue each year forever. How much must the alumna donate now? If the ROR is 11% per year.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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