Ed wants to donate $150,000 to charity which pays annual sums to needy families. Assuming...
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Ed wants to donate $150,000 to charity which pays annual sums to needy families. Assuming a 9% interest rate, what the initial yearly donation would be under each of the following options: a) 25-year growth annuity (5% growth rate) b) perpetuity c) growth perpetuity (3% growth rate)
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