Chapter 6.4, Problem 36E

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10th Edition

Ron Larson

ISBN: 9781305860919

Textbook Problem

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**Charitable Foundation** A charitable foundation wants to help schools buy tablet computers. The foundation plans to donate $35,000 each year to one school beginning one year from now, and the foundation has at most $500,000 to start the fund. The foundation wants the donation to be given out indefinitely. Assuming an annual interest rate of

To determine

Whether the charitable foundation, who wants to donate $35,000 each year to one school, have enough money to start the school fund.

Explanation

**Given Information:**

The charitable foundation has $500,000 to start the fund and plans to donate $35,000 each year to one school at an annual interest rate of 8% compounded continuously.

Present value of Perpetuity is:

Here,

Interest in fraction form is:

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Sect-6.1 P-4SWUSect-6.1 P-5SWUSect-6.1 P-6SWUSect-6.1 P-7SWUSect-6.1 P-8SWUSect-6.1 P-9SWUSect-6.1 P-10SWUSect-6.1 P-1ESect-6.1 P-2ESect-6.1 P-3ESect-6.1 P-4ESect-6.1 P-5ESect-6.1 P-6ESect-6.1 P-7ESect-6.1 P-8ESect-6.1 P-9ESect-6.1 P-10ESect-6.1 P-11ESect-6.1 P-12ESect-6.1 P-13ESect-6.1 P-14ESect-6.1 P-15ESect-6.1 P-16ESect-6.1 P-17ESect-6.1 P-18ESect-6.1 P-19ESect-6.1 P-20ESect-6.1 P-21ESect-6.1 P-22ESect-6.1 P-23ESect-6.1 P-24ESect-6.1 P-25ESect-6.1 P-26ESect-6.1 P-27ESect-6.1 P-28ESect-6.1 P-29ESect-6.1 P-30ESect-6.1 P-31ESect-6.1 P-32ESect-6.1 P-33ESect-6.1 P-34ESect-6.1 P-35ESect-6.1 P-36ESect-6.1 P-37ESect-6.1 P-38ESect-6.1 P-39ESect-6.1 P-40ESect-6.1 P-41ESect-6.1 P-42ESect-6.1 P-43ESect-6.1 P-44ESect-6.1 P-45ESect-6.1 P-46ESect-6.1 P-47ESect-6.1 P-48ESect-6.1 P-49ESect-6.1 P-50ESect-6.1 P-51ESect-6.1 P-52ESect-6.1 P-53ESect-6.1 P-54ESect-6.1 P-55ESect-6.1 P-56ESect-6.1 P-57ESect-6.1 P-58ESect-6.1 P-59ESect-6.1 P-60ESect-6.1 P-61ESect-6.1 P-62ESect-6.1 P-63ESect-6.1 P-64ESect-6.1 P-65ESect-6.1 P-66ESect-6.1 P-67ESect-6.1 P-68ESect-6.1 P-69ESect-6.1 P-70ESect-6.1 P-71ESect-6.1 P-72ESect-6.1 P-73ESect-6.1 P-74ESect-6.1 P-75ESect-6.1 P-76ESect-6.1 P-77ESect-6.1 P-78ESect-6.1 P-79ESect-6.1 P-80ESect-6.1 P-81ESect-6.1 P-82ESect-6.2 P-1CPSect-6.2 P-2CPSect-6.2 P-3CPSect-6.2 P-4CPSect-6.2 P-5CPSect-6.2 P-6CPSect-6.2 P-1SWUSect-6.2 P-2SWUSect-6.2 P-3SWUSect-6.2 P-4SWUSect-6.2 P-5SWUSect-6.2 P-6SWUSect-6.2 P-1ESect-6.2 P-2ESect-6.2 P-3ESect-6.2 P-4ESect-6.2 P-5ESect-6.2 P-6ESect-6.2 P-7ESect-6.2 P-8ESect-6.2 P-9ESect-6.2 P-10ESect-6.2 P-11ESect-6.2 P-12ESect-6.2 P-13ESect-6.2 P-14ESect-6.2 P-15ESect-6.2 P-16ESect-6.2 P-17ESect-6.2 P-18ESect-6.2 P-19ESect-6.2 P-20ESect-6.2 P-21ESect-6.2 P-22ESect-6.2 P-23ESect-6.2 P-24ESect-6.2 P-25ESect-6.2 P-26ESect-6.2 P-27ESect-6.2 P-28ESect-6.2 P-29ESect-6.2 P-30ESect-6.2 P-31ESect-6.2 P-32ESect-6.2 P-33ESect-6.2 P-34ESect-6.2 P-35ESect-6.2 P-36ESect-6.2 P-37ESect-6.2 P-38ESect-6.2 P-39ESect-6.2 P-40ESect-6.2 P-41ESect-6.2 P-42ESect-6.2 P-43ESect-6.2 P-44ESect-6.2 P-45ESect-6.2 P-46ESect-6.2 P-47ESect-6.2 P-48ESect-6.2 P-49ESect-6.2 P-50ESect-6.2 P-51ESect-6.2 P-52ESect-6.2 P-53ESect-6.2 P-54ESect-6.2 P-55ESect-6.2 P-56ESect-6.2 P-57ESect-6.2 P-58ESect-6.2 P-59ESect-6.2 P-60ESect-6.2 P-61ESect-6.2 P-1QYSect-6.2 P-2QYSect-6.2 P-3QYSect-6.2 P-4QYSect-6.2 P-5QYSect-6.2 P-6QYSect-6.2 P-7QYSect-6.2 P-8QYSect-6.2 P-9QYSect-6.2 P-10QYSect-6.2 P-11QYSect-6.2 P-12QYSect-6.2 P-13QYSect-6.2 P-14QYSect-6.2 P-15QYSect-6.2 P-16QYSect-6.2 P-17QYSect-6.2 P-18QYSect-6.2 P-19QYSect-6.2 P-20QYSect-6.2 P-21QYSect-6.3 P-1CPSect-6.3 P-2CPSect-6.3 P-3CPSect-6.3 P-1SWUSect-6.3 P-2SWUSect-6.3 P-3SWUSect-6.3 P-4SWUSect-6.3 P-5SWUSect-6.3 P-6SWUSect-6.3 P-7SWUSect-6.3 P-8SWUSect-6.3 P-9SWUSect-6.3 P-10SWUSect-6.3 P-1ESect-6.3 P-2ESect-6.3 P-3ESect-6.3 P-4ESect-6.3 P-5ESect-6.3 P-6ESect-6.3 P-7ESect-6.3 P-8ESect-6.3 P-9ESect-6.3 P-10ESect-6.3 P-11ESect-6.3 P-12ESect-6.3 P-13ESect-6.3 P-14ESect-6.3 P-15ESect-6.3 P-16ESect-6.3 P-17ESect-6.3 P-18ESect-6.3 P-19ESect-6.3 P-20ESect-6.3 P-31ESect-6.3 P-32ESect-6.3 P-33ESect-6.3 P-34ESect-6.3 P-35ESect-6.3 P-36ESect-6.3 P-37ESect-6.3 P-38ESect-6.3 P-39ESect-6.3 P-40ESect-6.3 P-43ESect-6.3 P-44ESect-6.3 P-45ESect-6.3 P-46ESect-6.3 P-47ESect-6.3 P-48ESect-6.4 P-1CPSect-6.4 P-2CPSect-6.4 P-3CPSect-6.4 P-4CPSect-6.4 P-5CPSect-6.4 P-1SWUSect-6.4 P-2SWUSect-6.4 P-3SWUSect-6.4 P-4SWUSect-6.4 P-5SWUSect-6.4 P-6SWUSect-6.4 P-7SWUSect-6.4 P-8SWUSect-6.4 P-9SWUSect-6.4 P-10SWUSect-6.4 P-1ESect-6.4 P-2ESect-6.4 P-3ESect-6.4 P-4ESect-6.4 P-5ESect-6.4 P-6ESect-6.4 P-7ESect-6.4 P-8ESect-6.4 P-9ESect-6.4 P-10ESect-6.4 P-11ESect-6.4 P-12ESect-6.4 P-13ESect-6.4 P-14ESect-6.4 P-15ESect-6.4 P-16ESect-6.4 P-17ESect-6.4 P-18ESect-6.4 P-19ESect-6.4 P-20ESect-6.4 P-21ESect-6.4 P-22ESect-6.4 P-23ESect-6.4 P-24ESect-6.4 P-25ESect-6.4 P-26ESect-6.4 P-27ESect-6.4 P-28ESect-6.4 P-29ESect-6.4 P-30ESect-6.4 P-31ESect-6.4 P-32ESect-6.4 P-33ESect-6.4 P-34ESect-6.4 P-35ESect-6.4 P-36ESect-6.4 P-37ESect-6.4 P-38ESect-6.4 P-39ESect-6.4 P-40ESect-6.4 P-41ESect-6.4 P-42ECh-6 P-1RECh-6 P-2RECh-6 P-3RECh-6 P-4RECh-6 P-5RECh-6 P-6RECh-6 P-7RECh-6 P-8RECh-6 P-9RECh-6 P-10RECh-6 P-11RECh-6 P-12RECh-6 P-13RECh-6 P-14RECh-6 P-15RECh-6 P-16RECh-6 P-17RECh-6 P-18RECh-6 P-19RECh-6 P-20RECh-6 P-21RECh-6 P-22RECh-6 P-23RECh-6 P-24RECh-6 P-25RECh-6 P-26RECh-6 P-27RECh-6 P-28RECh-6 P-29RECh-6 P-30RECh-6 P-31RECh-6 P-32RECh-6 P-33RECh-6 P-34RECh-6 P-35RECh-6 P-36RECh-6 P-37RECh-6 P-38RECh-6 P-39RECh-6 P-40RECh-6 P-41RECh-6 P-42RECh-6 P-43RECh-6 P-44RECh-6 P-45RECh-6 P-46RECh-6 P-47RECh-6 P-48RECh-6 P-49RECh-6 P-50RECh-6 P-51RECh-6 P-52RECh-6 P-53RECh-6 P-54RECh-6 P-55RECh-6 P-56RECh-6 P-57RECh-6 P-58RECh-6 P-59RECh-6 P-60RECh-6 P-61RECh-6 P-62RECh-6 P-63RECh-6 P-64RECh-6 P-1TYSCh-6 P-2TYSCh-6 P-3TYSCh-6 P-4TYSCh-6 P-5TYSCh-6 P-6TYSCh-6 P-7TYSCh-6 P-8TYSCh-6 P-9TYSCh-6 P-10TYSCh-6 P-11TYSCh-6 P-12TYSCh-6 P-13TYSCh-6 P-14TYSCh-6 P-15TYSCh-6 P-16TYSCh-6 P-17TYSCh-6 P-18TYS

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