Business, 10.09.2019 18:30 elizabethhubbe

Creating an endowment personal finance problem on completion of her introductory finance course, marla lee was so with the amount of useful and interesting knowledge she gained that she convinced her parents, who were wealthy alumni of the university she was attending, to create an endowment. the endowment will provide for three students from low-income families to take the introductory finance course each year in perpetuity. the cost of taking the finance course this year is $300 per student (or $900 for 3 students), but that cost will grow by 2.2% per year forever. marla's parents will create the endowment by making a single payment to the university today. the university expects to earn 6% per year on these funds. a. what will it cost 3 students to take the finance class next year? b. how much will marla's parents have to give the university today to fund the endowment if it starts paying out cash flow next year? c. what amount would be needed to fund the endowment if the university could earn 8% rather than 6% per year on the funds?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 01:00

Cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely: cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely:

Answers: 3

Answer

Business, 22.06.2019 18:50

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right

Answers: 3

Answer

Business, 22.06.2019 19:00

Describe how to write a main idea expressed as a bottom-line statement

Answers: 3

Answer

Business, 22.06.2019 21:10

This problem has been solved! see the answerthe xyz corporation is interested in possible differences in days worked by salaried employees in three departments in the financial area. a survey of 23 randomly chosen employees reveals the data shown below. because of the casual sampling methodology in this survey, the sample sizes are unequal. research question: are the mean annual attendance rates the same for employees in these three departments? days worked last year by 23 employees department days worked budgets (5 workers) 278 260 265 245 258 payables (10 workers) 205 270 220 240 255 217 266 239 240 228 pricing (8 workers) 240 258 233 256 233 242 244 249 picture click here for the excel data filefill in the missing data. (round your p-value to 4 decimal places, mean values to 1 decimal place and other answers to 2group mean n std. dev variancesbudgets payables pricing total one factor anova source ss df ms f p-value treatment error total

Answers: 2

Answer

You know the right answer?

Creating an endowment personal finance problem on completion of her introductory finance course, mar...

Questions