For an interest rate of 12 compounded quarterly what single, Financial Management

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For an interest rate of 12 compounded quarterly what single

Someone wants to fund an endowment for a university which will pay $8000, $9000, $10,000, and $11,000 at the 1st, 2nd, 3rd, and 4th quarters of each year respectively, forever. For an interest rate of 12% compounded quarterly, what single deposit, made now, will fund this endowment?

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Financial Management: For an interest rate of 12 compounded quarterly what single

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