Question
An alumnus of your university gifted money to the school to provide annual scholarships to students. The school expects to earn an average rate of
An alumnus of your university gifted money to the school to provide annual scholarships to students. The school expects to earn an average rate of return of 9.5 percent and distribute $285,000 annually in scholarships. What was the amount of the gift?
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Restaurant Financial Management
Authors: Hyung-il Jung
1st Edition
1774631431, 978-1774631430
