Question
4. Q A university received an endowment of $1,000,000 on 10/1/2020 and invests it in a fund that yields an average of 7.5% per annum
4. Q A university received an endowment of $1,000,000 on 10/1/2020 and invests it in a fund that yields an average of 7.5% per annum to start immediately an annual scholarship. What is the amount of the scholarship
if: a. the last scholarship is given on 10/1/2050?
b. the scholarship continues in perpetuity?
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Environmental Auditing For The Non Specialist The CHGL Series On The Environment
Authors: Chris Hoggart
1st Edition
1902423704, 978-1902423708
