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QUESTIONS Suppose a wealthy individual who has no family or relatives, leaves his entire estate. estimated to be worth $10,000,000 to Stevenson University of the

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QUESTIONS Suppose a wealthy individual who has no family or relatives, leaves his entire estate. estimated to be worth $10,000,000 to Stevenson University of the University invests this money into a perpetuity that earns 5* APR with interest accrued annually, how much interest will the University be able to earn and spend every year? $500.000 $5,000,000 550.000 55.000

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