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s decided to spend P1,200,000 to provide facilities immediately and to provide P100,000 of capital replacement at

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter17: Corporations: Introduction And Operating Rules

Section: Chapter Questions

Problem 39P

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Question

The will of a wealthy philanthropist left P5,000,000 to establish a perpetual charitable
foundation. The foundation trustees decided to spend P1,200,000 to provide facilities
immediately and to provide P100,000 of capital replacement at the end of each 5-year
period. If the inverted funds earned 12% per annum, what would be the year-end
amount available in perpetuity from the endowment for charitable purposes?

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The will of a wealthy philanthropist left P5, 000,000 to establish a perpetual charitable foundation. The foundation trustees decided to spend P1, 200,000 to provide facilities immediately and to provide P100, 000 of capital replacement at the end of each 5 year period. If the invested funds earned 12% per annum, what would be the year end amount available in perpetuity from the endowment for charitable purposes? (I ONLY NEED CASHFLOW DIAGRAM PLEASE PROVIDE BELOW!)
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