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A local not-for-profit organization is preparing its strategic plan. The plan includes cash flow from endowments needs to be $1,070,000 per year, every year going
A local not-for-profit organization is preparing its strategic plan. The plan includes cash flow from endowments needs to be $1,070,000 per year, every year going forward. How much money would this institution need to set aside in an account expected to earn 5.25%. a. 20,450,325.25 b. 20,380,952.38 c. 20,325,306.11 d 20,278,307.15
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