You plan to set up an endowment at your alma mater that will fund $200,000 of scholarships each year indefinitely.

QUESTION:

n

You plan to set up an endowment at your alma mater that will fund $200,000 of scholarships each year indefinitely. If the principal (the amount you donate) can be invested at 5.5 percent, compounded annually, how much do you need to donate to the university today so that the first scholarships can be awarded beginning one year from now?

n
n
n


n

 

That is so great to hear. We really try our best to provide you the quality content. And thank you so much for taking the time to provide your feedback. AnsTutors.com Help-Desk!


 
0 / 5

Your page rank: