You want to endow a scholarship that will pay $ 9 comma 000$9,000 per year forever, starting one year from now. if the school's endowment discount rate is 10 %10%, what amount must you donate to endow the scholarship?

$90000

Explanation:

For solving this question you need to make a present value (PV) calculation, where PV is the present value of a future sum of money base on a given rate of return, where the formula to calculate it is:

PV = C/R, where C is the cash flow and R is the discount rate

Therefore,

PV = $9000/10% = $90000

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

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