BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
You dream of endowing a chair in finance at the local university that will provide a salary of $150, 000 per year forever, with the first cash flow to be one year from today. If the university promises to invest the money at a rate of 5% per year, how much money must you give the university today to make your dream a reality?
|
|
$3, 000, 000
|
|
|
$15, 000, 000
|
|
|
$2, 857, 143
|
|
|
This question cannot be answered.
|
Explanation:
There is 1 question to complete.