The Willie P. Stanton Trust Fund is to pay, $5,000 at the end of every year to the student-athlete voted most deserving based on his or her dedication to the ideals of good citizenship. The Trust Fund earns 7.4% compounded semi-annually. What is the present value of this perpetuity?
A) $66,340
B) $129,526
C) $72,341
D) $135,135
E) $67,568
Correct Answer:
Verified
Q28: What amount can be paid at the
Q29: A local college provides annual scholarships totalling
Q30: What is the present value of a
Q31: A wealthy donor made a $50,000 contribution
Q32: What amount, invested today at 6% compounded
Q34: Calculate the present value of a perpetuity
Q35: An endowment fund of $5,000,000 is to
Q36: Calculate the present value of a perpetuity
Q37: You wish to donate $10,000 to a
Q38: What is the present value of a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents