Suppose you are planning to raise funds for a charity. Foundation A provides $10,000 per...
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Suppose you are planning to raise funds for a charity. Foundation A provides $10,000 per year from today for the next twenty years. Foundation B offers $10,200 per year for twenty years but it will begin 1 year from today. Which foundation will you choose?
(a). Foundation A
(b). Foundation B
(c). Uncertain, depends on the one-year interest rate.
(d). Uncertain, depends on the interest rates for maturities 1 to 21 years.
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