Question
Brooklyn College alumni recently established an endowment fund that will provide annual scholarships of $13,000 for 23 years. The fund will pay the first scholarship
Brooklyn College alumni recently established an endowment fund that will provide annual scholarships of $13,000 for 23 years. The fund will pay the first scholarship immediately. The fund can earn annual rate of return at 2% managed by professional money managers.
How much money shoud be put into the fund today?
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The Solitary Auditor
Authors: Michael Knapp
1st Edition
161163878X, 978-1611638783
