# An Alumnus of West Virginia University

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

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# An Alumnus of West Virginia University

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

#### We are the Best!

##### 275 words per page

You essay will be 275 words per page. Tell your writer how many words you need, or the pages.

##### 12 pt Times New Roman

Unless otherwise stated, we use 12pt Arial/Times New Roman as the font for your paper.

##### Double line spacing

Your essay will have double spaced text. View our sample essays.

##### Any citation style

APA, MLA, Chicago/Turabian, Harvard, our writers are experts at formatting.

Secure Payment