An alumna of Ohio State University wants to set up an endowment fund that can award scholarships

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An alumna of Ohio State University wants to set up an endowment fund that can award scholarships to female engineering students totalling

$100,000 per year forever. The first scholarships are to be granted now and continue each year from now on. How much must the alumna donate now, if the endowment fund is expected to earn interest at a rate of 8% per year?

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Basics Of Engineering Economy

ISBN: 9780073376356

2nd Edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Oct 26, 2024 07:00 AM

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An alumna of Ohio State University wants to set up an endowment fund that can award scholarships

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Basics Of Engineering Economy

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