. Ed wants to donate $150,000 to charity which pays annual sums to needy families....
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. Ed wants to donate $150,000 to charity which pays annual sums to needy families. Assuming a 9% interest rate, what the initial yearly donation would be under each of the following options:
- 25-year growth annuity (5% growth rate)
- perpetuity
- growth perpetuity (3% growth rate)
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