What is the present value cost of this scholarship to school

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Reference no: EM131511139

Beginning at the end of this year and continuing indefinitely each year after, a school scholarhsip will pay a different student $6000 a year. Assuming a 6% discount rate, what is the present value cost of this scholarship to the school.

$100,000

$6,360

$60,000

$66,000

Reference no: EM131511139

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