A legal dispute delayed for 18 months the disbursement of a $500,000 bequest designated to provide quarterly payments in perpetuity to a hospice. While under the jurisdiction of the court, the funds earned interest at the rate of 5% compounded semi-annually. The hospice has just invested the $500,000 along with its earnings in a perpetual fund earning 5.2% compounded semi-annually. What payments will the hospice receive beginning three months from now?

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The Answer of A legal dispute delayed for 18 months the disbursement of a $500,000 bequest designated to provide quarterly payments in perpetuity to a hospice. While under the jurisdiction of the court, the funds earned interest at the rate of 5% compounded semi-annually. The hospice has just invested the $500,000 along with its earnings in a perpetual fund earning 5.2% compounded semi-annually. What payments will the hospice receive beginning three months from now?

A Legal Dispute Delayed for 18 Months the Disbursement of a $500,000