How much do you need to give them if they earn 5 apr, Financial Management

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How much do you need to give them if they earn 5 apr

You want to give a lifetime gift to your favorite charity. You want them to have $10,000 every year.

A. How much do you need to give them if they earn 5% APR compounded annually on their investments?

B. What if you want to ensure that your favorite charity has $10,000 in the first year and grows 2% annually?

C. Let's say you have 20 years to save this growing amount. How much do you need to save annually if you earn 8% on your investments?

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Financial Management: How much do you need to give them if they earn 5 apr

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