Business
Business, 02.03.2020 19:21, daquan20035

A one-time gift to your college will provide $25,000 in scholarship funds next year with that amount increasing by 2 percent annually thereafter. If the discount rate is 5.5 percent, what is the current value of this perpetual gift?a.$748,602.49 b.$726,849.29c.$731,787.33d.$756,90 0.12

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