Clarissa wants to fund a growing perpetuity that will pay $ 12 comma 000 per year to a local museum, starting next year. She wants the annual amount paid to the museum to grow by 5% per year. Given that the interest rate is 10%, how much does she need to fund this perpetuity?

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Identify the level of the literature hierarchy for u.s. gaap to which each item belongs

Assume the total cost of a college education will be $250,000 when your child enters college in 17 years. you presently have $69,000 to invest. what annual rate of interest must you earn on your investment to cover the cost of your child’s college education? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)