Additional research on funding for you go girl foundation

Assignment Help Financial Management

Reference no: EM131547772

Cousin Clara has been doing some additional research on the funding for the “You Go Girl Foundation”. Due to the election results she feels it is likely that there will be budget cuts that will affect future grant funding. She still plans to begin operations four years from today (it is still January 1), and she still has an operating budget of $25,000 per year. Due to the budget cuts, she will have to fund operations for eight years before some grants become available. And after the first eight years, she will have to provide $10,000 per year for four more years until total grant funding is possible. All operating funds must be available on the first day of each year.

Clara will still work full time at her job with the credit company to raise the funds necessary for the first twelve years of operations. After the project begins, she will only work enough to pay for her own living expenses, so she must save enough during the next four years to cover the twelve years of operating expenses. Due to the need for additional capital, she will make a deposit today of $50,000 and equal-sized deposits at the end of each of the next four years.

The account at the First Philanthropy Bank will pay 5% interest annually. All monies for the foundation will be deposited in this account. How much must Clara deposit at the end of each of the next four years so that there will be sufficient funds available to finance the foundation’s operating budget for following twelve years?

Reference no: EM131547772

Questions Cloud

Would you agree or disagree with the decision strategy : Would you agree/disagree with the decision strategy? Are there any factors that have been overlooked that would affect the decision process?

Presence in an underserved market : What are the strategies that a company should use to grow its business in an emerging market? How do you establish a strong market presence in an underserved.

The policies meant to promote american industry : Identify and objectively describe one of the policies meant to promote American industry or foster expansion of the American West.

Swott table summarizing findings : Create a SWOTT table summarizing your findings. Your environmental analysis should consider, at a minimum, the following factors.

Additional research on funding for you go girl foundation : Cousin Clara has been doing some additional research on the funding for the “You Go Girl Foundation”.

Which of dans memory stores-sensory memory : Which of Dan's memory stores-sensory memory, short-term memory (STM), or long-term memory (LTM)-do you think were most affected by his phone conversation?

What are the advantages and disadvantages of mediation : What are the advantages and disadvantages of mediation? Is it likely to be successful? Is it likely to make the parties more or less hostile toward one another?

Is the church still in existence : I wonder just who E. C. Morris was. Were his children as successful and he appears to have been? What church was he minister of?

What would have been your rate of return : If you purchased the stock in 2007, what would have been your rate of return?

User Account

All Pages