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Author Question: A generous benefactor to the local ballet plans to make a one-time endowment which would provide the ... (Read 71 times)

stevenposner

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on: Apr 25, 2021

Question 1

A 10-year ordinary annuity that provides a return of 7% has a present value of $15,000. What are the annual annuity payments?
◦ $2,135.66
◦ $2,038.02
◦ $2,235.44
◦ $1,500.00
◦ $2,232.84

Question 2

A generous benefactor to the local ballet plans to make a one-time endowment which would provide the ballet with $150,000 per year into perpetuity. The rate of interest is expected to be 5 percent for all future time periods. How large must the endowment be?
◦ $300,000
◦ $3,000,000
◦ $750,000
◦ $1,428,571
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Marked as best answer by stevenposner on Apr 25, 2021

flannelavenger

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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stevenposner

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it

diana chang

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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