Question: answer A generous philanthropist plans to make a one-time endowment to a renowned heart research center which would provide the facility with $75,000 per year

answer answer A generous philanthropist plans to make a one-time endowment to a

A generous philanthropist plans to make a one-time endowment to a renowned heart research center which would provide the facility with $75,000 per year into perpetuity. The rate of interest is expected to be 6 percent for all future time periods. How large must the endowment be

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