A generous benefactor to the local ballet plans to make a one−time endowment which would provide the ballet with $150,000 per year into perpetuity. The rate of interest is expected to be 5 percent...

A generous benefactor to the local ballet plans to make a one−time endowment which would provide the ballet with $150,000 per year into perpetuity. The rate of interest is expected to be 5 percent for all future time periods. How large must the endowment be?

This is finance class dealing in FV and PV. I would like the answer in an Excel format.

Jun 10, 2022

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A generous benefactor to the local ballet plans to make a one−time endowment which would provide the ballet with $150,000 per year into perpetuity. The rate of interest is expected to be 5 percent...

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A generous benefactor to the local ballet plans to make a one−time endowment which would provide the ballet with​ $150,000 per year into perpetuity. The rate of interest is expected to be 5 percent...

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A generous benefactor to the local ballet plans to make a one−time endowment which would provide the ballet with $150,000 per year into perpetuity. The rate of interest is expected to be 5 percent...