alajahb7959 alajahb7959
  • 12-02-2020
  • Business
contestada

A local charity receives annual income of $9,800 from a trust fund established by a generous donor several years ago. The trust fund earns a fixed annual return of 4.75 percent. How much did the donor contribute to establish this fund

Respuesta :

kaympoey08
kaympoey08 kaympoey08
  • 13-02-2020

Answer:

The answer is $206315.79

Explanation:

PV= $9,800 / 0.0475= $206315.79

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