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Your father wishes to start an endowment that will provide scholarship money of $100,000 per year beginning in year 5 and continuing indefinitely. If the
Your father wishes to start an endowment that will provide scholarship money of $100,000 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
1 sresent cost of $ 500,000 annual costs of $55,000, and periodic costs every 5 years of $85,000. Use an interest rate of 12% per vear. The capitalized cost is closest to S-1069832 A $ 1059832.B $- 1169832.CO $-1060832.0 Step by Step Solution
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