ECON 2105 EXAM 2 CHAPTERS 3 4 AND 8

An Alumnus of West Virginia University whishes to start an endowment that will provide scholarship money of $40,000 per year beginning in year 5 and continuing indefinitely. The donor plans to give money now and for each of the next 2 years. If the size of each donation is exactly the same, the amount that must be donated each year at I = 8% per year is closest to:





$190,820

$122,280

$127,460

$132,040







How much must be deposit in your retirement account each year for 10 years starting now if you want to be able to withdraw $50,000 per year forever beginning 30 years from now? Assume the account earns interest at 10% per year.



$4,239 

$4,662

$4,974

$5,471

Additional Requirements 



Level of Detail: Only answer needed 

ECON 2105 EXAM 2 CHAPTERS 3 4 AND 8

An Alumnus of West Virginia University whishes to start an endowment that will provide scholarship money of $40,000 per year beginning in year 5 and continuing indefinitely. The donor plans to give money now and for each of the next 2 years. If the size of each donation is exactly the s...

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Hereiam

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Johnson7

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