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Your firm wants to endow a research chair at Stuart School of Business. The endowment will provide $50,000 in research funds for each year, over

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Your firm wants to endow a research chair at Stuart School of Business. The endowment will provide $50,000 in research funds for each year, over the next 20 years. How much up-front funding is required to support the endowment if the rate of return is a. 5% b. 8% c. 10% If you have a retirement target of accumulating $ 1,500,000 of wealth over the next 40 years, what is the size of annual fixed payments into a retirement account that is needed if returns are expected to b. a. 5% b. 8% c. 10%

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