Question: Bill is interested in creating an ongoing annual endowment that gives Sheridan College $120,000 annually. How much money must he set aside today assuming an

Bill is interested in creating an ongoing annual endowment that gives Sheridan College $120,000 annually. How much money must he set aside today assuming an interest rate of 4%? $3,000,000.00 $2,577,862.15 $125,000.00 $5.880,000.00

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