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10 4 points Aloma, a university graduate who started a successful business, wants to start an endowment in her name that will provide scholarships
10 4 points Aloma, a university graduate who started a successful business, wants to start an endowment in her name that will provide scholarships to CE students. She wants the scholarship to provide $14,000 per year and expects the first one to be awarded on the day she fulfils the endowment obligation. If Aloma plans to donate $150,000, what rate of return must the university realize in order to award the annual scholarship forever? The rate of return that the university must realize in order to award the annual scholarship forever is Print
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