An endowment fund contains $240,000 today. The trustee has determined that the account can pay out $18,000
Fantastic news! We've Found the answer you've been seeking!
Question:
An endowment fund contains $240,000 today. The trustee has determined that the account can pay out $18,000 each year, in perpetuity, starting from next year. Find the rate of return on the endowment.
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
Posted Date: