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QUESTION 2 Suppose a University has an endowment of 850 million dollars placed in a bank account earning a real rate of interest (nominal rate

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QUESTION 2 Suppose a University has an endowment of 850 million dollars placed in a bank account earning a real rate of interest (nominal rate of interest - inflation) of 2% per year. What is the maximum amount of annual withdrawal a university can make to sustain the real value of it's endowment? .123

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