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An endowed faculty chair is created when a benefactor makes a donation of sufficient size that earnings from the donation pay the salary and benefits
An endowed faculty chair is created when a benefactor makes a donation of sufficient size that earnings from the donation pay the salary and benefits of a professor forever. How much would have to be donated to endow a chair in your name if the salary and benefits were $ and the interest rate was Assume that the first salarywith benefits is paid in one years time
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