Business, 21.10.2020 17:01, DeanWhinchester8970
A charitable foundation has $500,000 invested in an account that earns 7%. The foundation has promised to begin making annual payments to beneficiaries in one year, and the first payment will be $25,000. The foundation has promised that future payments will grow at a constant rate forever. At what rate can the foundation afford to increase payments assuming that it makes no additional deposits into the account?
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A charitable foundation has $500,000 invested in an account that earns 7%. The foundation has promis...
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