Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

تمرين 23

A donor (you) wishes to start an endowment that will provide scholarship money of $40,000 per year beginning in year 5 and continuing indefinitely. If the university earns 10% per year on the endowment, the amount you must donate now is closest to:
A)$225,470
B)$248,360
C)$273,200
D)$293,820