What is the amount that must be donated each year

Reference no: EM13243994

An alumnus of WestVirginia University wishes to start an endowment that will providescholarship money of $40,000 per year beginning in year 5 andcontinuing indefinitely. The donor plans to give money nowand for each of the next 2 years. If the size of each donation isexactly the same, the amount that must be donated each year ati = 8% per year is?

Reference no: EM13243994

Questions Cloud

Does the production function exhibit increasing : If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output?

What is the capital recovery-cr amount associated : What is the capital recovery(CR) amount associated with a machine that will last 16years, its first cost (incurred in year 0) is 735 dollars, itsoperating costs are 65 dollars per month, and its salvage value is347 dollars.

The oxidation-reduction happens in any electrochemical cell : In an electrolysis cell similar to the one employed in this experiment, a student observed the unknown metal anode lost .206g while a total volume of 84.90mL of H2 was being produced. The temperature in the lab was 230C and the barometric pressure..

Describe the present worth method of evaluation : A software package created by Navarro & Associates can be usedfor analyzing and designing three-sided guyed towers and three- andfour-sided self-supporting towers. A single-user licence willcost 546 per year.

What is the amount that must be donated each year : An alumnus of WestVirginia University wishes to start an endowment that will providescholarship money of $40,000 per year beginning in year 5 andcontinuing indefinitely. The donor plans to give money nowand for each of the next 2 years.

Explain higher coordination number with a bidentate nitrate : In a coordination compound, which ion would you expect to have a higher coordination number with a bidentate nitrate group (NO3-), Co3+ or Ir3+? Why?

Find the speed of the athlete : An athlete on a trampoline leaps straight up into the air with an initial speed of 5.1 m/s, find the speed of the athlete when she is halfway up to her maximum height

Explain what is the molecular weight of sulfur : When 0.154g of sulfur is finely ground and melted with 4.38g of camphor, the freezing point of the camphor is lowered by 5.47 degrees Celsius. What is the molecular weight of sulfur and What is its molecular formula

Assuming that the units of output per day remain : The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm's output is $25. The cost of other variable inputs is $400,000 per day

User Account

All Pages