Cameal plans to start a scholarship fund that will pay, Ask an Expert

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Cameal plans to start a scholarship fund that will pay $50,000 per year forever. The first such payment will be in 50 years from today. She plans to start saving for this scholarship by making equal contributions and makes her first annual contribution toward the scholarship fund today. Her last contribution will be in 9years from today. Her cost of capital is 10% for the foreseeable future. How much does Cersei contribute two years from now?

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Financial Management, Finance

Category:- Financial Management
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