You want to endow a local community human rights charity. You want them to support victims of War and provide support, s
Posted: Mon May 02, 2022 9:15 am
You want to endow a local community human rights charity. You
want them to support victims of War and provide support, so you
budget $45,000 per year forever to the charity. If the charity can
earn 8% per year on its investments, and if the first support to
victims is in one year’s time, how much will you need to donate to
endow the charity?
want them to support victims of War and provide support, so you
budget $45,000 per year forever to the charity. If the charity can
earn 8% per year on its investments, and if the first support to
victims is in one year’s time, how much will you need to donate to
endow the charity?