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Over the years you have taken your financial knowledge and have grown your investments to a level of several million dollars. You look back and
Over the years you have taken your financial knowledge and have grown your investments to a level of several million dollars. You look back and want to leave an endowment to the School of Business at WSU. You want to provide a scholarship for a future business student that would cost $10,000 per year in perpetuity. Assuming a return on investment of 5% per year how much would you need to deposit in this endowment named after you in order for this to continue in perpetuity
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