A college received a contribution to its endowment fund of $2 million. They can never touch the

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A college received a contribution to its endowment fund of $2 million. They can never touch the principal, but they can use the earnings. At an assumed interest rate of 9.5 percent, how much can the college earn to help its operations each year?

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Investment Analysis and Portfolio Management

ISBN: 978-0538482387

10th Edition

Authors: Frank K. Reilly, Keith C. Brown

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Posted Date: Jun 17, 2019 12:28 AM

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A college received a contribution to its endowment fund of $2 million. They can never touch the

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Investment Analysis and Portfolio Management

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