Dr. Fog E. Professor is retiring and wants to endow a chair of engineering economics at his
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Dr. Fog E. Professor is retiring and wants to endow a chair of engineering economics at his university. It is expected that he will need to cover an annual cost of $100,000 forever. What lump sum must he donate to the university today if the endowment will earn 10% interest?
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Anurag verma
i done my civil engineering in 2017 since than i started teaching to the engineering student and also k 12 student and help the student to understand the difficult problem and build concept and also motivate them for study
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