Warren buffet decides to endow an annual investment symposium at DePaul starting next year and continuing forever. The symposium is expected to cost $15000 at that time. Interest rates at 5% how much must he contribute today Warren Buffett decides to endow an annual investment symposium at DePaul,starting next year and continuing forever. The symposium is expected to cost$15,000 at that time. Interest rates are 5%. How much must he contribute today tofund this symposium?

Symposium Cost =$15000 Annual Investment = Let A Continue forever Interest Rate (i)=5%

Warren buffet decides to endow an annual investment symposium at DePaul starting next year and continuing forever. The symposium is expected to cost $15000 at that time. Interest rates at 5% how much must he contribute today

Warren buffet decides to endow an annual investment symposium at DePaul starting next year and continuing forever. The symposium is expected to cost $15000 at that time. Interest rates at 5% how much must he contribute today

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 35P

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