The principal amount remains untouched

Assignment Help Financial Management

Reference no: EM131998413

A generous benefactor invested money in a scholarship fund ten years ago at an intrest rate of 8 percent. Every year (and continuing on indefinitely into the future), the fund awards $50,000 in scholarships to worthy college students. How much did this benefactor deposit into the account initially? Assume all intrest is paid out annually but the principal amount remains untouched.

Reference no: EM131998413

Questions Cloud

Describe at least three different platforms : Describe at least three different platforms you could use, along with why you would use it, and how you would use it for each of the three.

Attempting to implement encryption : What business challenges do YOU think organizations encounter when attempting to implement encryption?

Manipulate non-numeric character data : This program is to manipulate non-numeric (ASCII) character data. execute a short program (using C programming language) that reads four names

Explain how community health education theory is different : Explain how community health education theory is different from other types of theories used in public health

The principal amount remains untouched : How much did this benefactor deposit into the account initially? Assume all intrest is paid out annually but the principal amount remains untouched.

When discussing marketing strategies : When discussing marketing strategies, what are dashboards? What are dashboard indicators

Measures to prevent cyber attacks : Explain about "Measures to Prevent Cyber Attacks" in three words and also provide reference

Analyze the evolution of social media standards : Analyze the evolution of social media standards and practices and how it relates to the potential need for regulation of social media.

Best practices for network security : Please, no general definitions. Be as specific as possible and provide current/relevant examples of modern (2017-2018) technology on network security.

User Account

All Pages