Business, 22.07.2021 19:10 esnyderquintero

A trust has been established to fund scholarships in perpetuity. The next annual distribution will be $1,200, and future payments will increase by 3 percent per year. What is the value of this trust at a discount rate of 7.4 percent

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A trust has been established to fund scholarships in perpetuity. The next annual distribution will b...