The school received a contribution to its endowment fund of $ 4 million. You can never touch the principal, but you can use the winnings. At an interest rate of 9.5 percent, how much can the university earn each year to help its operations? 12. You hit the lottery with a substantial amount of money and have decided to establish a bank account that would pay your brother $5,000 annually indefinitely. How much should you deposit in the account if it pays you 8% annual interest? 20. The future value of an anticipated annuity is always greater than the future value of an identical ordinary annuity for interest rates above zero. True - False 22. For any interest rate and for any period of time, the more frequently interest is compounded, the greater the amount of money that has to be invested today in order to accumulate a certain future amount. - True - False