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QUESTION 3 Your father wishes to start an endowment that will provide scholarship money of $20,000 per year beginning in year 5 and continuing indefinitely.
QUESTION 3 Your father wishes to start an endowment that will provide scholarship money of $20,000 per year beginning in year 5 and continuing indefinitely. If the university earns 10% per year on the endowment the amount your father must donate now is closest to $-146800 $-126600 $-135600 $-136600
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