you are going to receive a $15,000 scholarship at the end of four years for graduate school. How much must the scholarship fund invest today if it can earn 6% compounded semi annually
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- Professor Dom wishes to set up a permanent scholarship paying $5,000 per annum, at the beginning of each year, for a promising finance student. How much would he need to invest, if interest on this type of investment is 11% compounded monthly?You wish to establish a permanent scholarship at Bond University providing a worthy student with $1000 annually. If invested monies generate an 8% return, how much is needed in the scholarship fund?You intend to endow a scholarship that pays $5,000 every 6 months, starting 6 months from now. If the appropriate discount rate is 3% per 6-month period, how much money will you have to donate ← today to endow the scholarship? You will need to donate $ (Round to the nearest dollar.) CIT
- Say that you want to establish a scholarship fund that will make fixed payments forever. To fund the scholarship, you plan to make 12 annual contributions of $9.9k to an investment account with an expected return of 6.0% interest annually. Your first contribution occurs today. If the scholarship fund makes its first payment two years following the last contribution, then what is the fixed annual payment that the scholarship fund will award? (Round to the nearest dollar)Listen How much money must be deposited into an account paying interest at 5% compounded annually in order to fund a yearly scholarship of $2,000 with the first payment in one year and continuing forever? Your Answer: AnswerIf a donation of $100,000 is expected to pay out scholarships of $10,000 every year and the funds earn 7.5% compounded annually, how long will it be before the first annual payment can be made?
- You want to invest $10,000 today to accumulate $16,000 for graduate school. If you can invest at an interest rate of 10% compounded annually, how many years will it take to accumulate the required amount?What amount of money invested today at 15% interest can provide the following scholarships: P30,000 at the end of each year for 6 years; P40,000 for the next 6 years and P50,000 thereafter.You decide to invest in an instrument that pays 5% annual capitalizable interest each semester. If you want to get an amount of $1,000,000 at the end of 20 years, giving contributions at the end of each month, how much does each monthly contribution have to be to reach the goal?
- You will endow a DePaul scholarship with a grant gift stream that lasts forever. The first grant is to be made 10 years from now in the amount of $1,303.14, but it must grow by 3% per year forever. Assume a discount rate of 9% and annual compounding. How much must you set aside today to fund the gift?You plan to send your first born child for a 4-year degree with 4 annual payments. Your first payment will start in 20 years in the amount of $65,000 and grow by 9% per year. Assuming a discount rate of 7%, how much do you need to set aside today to fund your child's education? Use the $ symbol and round to the nearest thousand dollars.You want to endow a scholarship now that will pay $10,000 per year forever, starting the first award 10 years from now. If the school's endowment discount rate is 7 %, what amount must you donate today to endow the scholarship?
