Allassignmentsaredueonthedateandtimespecified.Lateassignmentswillnotbeaccepted.Allassignmentsaretobesubmittedinhardcopyform,–i.e.pelectronicallysubmittedassignments.Assignmentsmusthetyped.Assiç’,zmen!sthatdonotmeettheabovecriteriawillnotbemarked.ACADEMICINTEGRITYThisisanindividualassignment.Shoulditbedeterminedthatastudentplagiarizedanyportionofanassignmentfromanotherstudentboththeplagiaristandthe“donor”willreceiveagradeofzero FOR MORE INFORMATION ON THIS PAPER Click Here…….fortheassignment.AssignmentDetailsProvideallcalculationsnecessarytosupportyouranswers.ItisstronglyrecommendedyouuseanExcelspreadsheet(orequivalent)todothisassignment.Youarethefundraisingmanagerofacharitythatwillcelebrateits100thanniversaryinexactly22yearsfromnow.Tocommemoratethisevent,yourcharity’sboardofdirectorswouldliketostartascholarshipfundtopayfortheuniversityeducationof10studentsthatwillgraduateatthai:time(i.e.22yearsfromnow).Yourtaskistocomeupwithaplantopayforthisgoalbysettingupandinvestinginascholarshipfund.Herearethedetailssofar•TodayisSeptember1,2013—currentlyyouhavenomoneyinyourscholarshipfund.•Youcheckedonthecostofauniversityeducationfortheupcomingyear(September2013toApril,2014).Tuition,books,livingexpenses&incidentalswillcostintotal$20,400perstudent.Youestimatetheannualinflationratewillbe3.5%.seeover•Yourcharitywantstopaytheexpensesmentionedinthepreviouspointfor10studentsfor4yearsofuniversity.All10ofthesestudentsareexpectedtostarttheiruniversitystudiesexactly18yearsfromnowonSeptember1SL,2031,andcompletethemin4years,justintimetocelebrateyourlOOrnanniversary..•Youassumeyou’llpaythestudentstheiryearlyscholarshipatthebeginningofeachschoolyear.•Youintendtomake22equalannualpaymentsintoaninvestmentst.ridfundtopayforthisproject.The1paymentisduetoday,the2paymentayearfromnow,etc.You’vetalkedtoyour FOR MORE INFORMATION ON THIS PAPER Click Here…….investmentagentandshesaidasafeassumptionfortheexpectedrateofreturnis4.3%peryear.Yourcharitydoesn’tpaytax.QuestionsforyoutoAnswer:1)GiventheaboveInformationwhatistherequiredequalannualpaymentnecessarytofundyourproject?2)Assumeyoumake6%returnonyourInvestmentsonaverage–whatwouldyourequalannualpaymentbeunderthisassumption?3)Besidestherateofreturnonyourinvestment,whatelseisasignificantfinancialassumptiononyourpart?Describe,withnumbers,howthisassumptioncouldimpactyourplan.Pleasenotetherewillbenoproblemfinding10qualifiedstudents! FOR MORE INFORMATION ON THIS PAPER Click Here…….