Business, 14.10.2019 20:00 zahraalshagawa02

When alfred nobel died, he left the majority of his estate to fund five prizes, each to be awarded annually in perpetuity starting one year after he died. a) if he wanted the cash award of each of the five prizes to be $45,000 and his estate could earn 7% per year, how much would he need to fund his prizes?

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