Ellen has decided to donate $591,000 to her favorite university. If the endowment will earn a return

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Ellen has decided to donate $591,000 to her favorite university. If the endowment will earn a return of 8%, how much can be spent each year while ensuring the funds last forever?

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Engineering Economics

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

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Posted Date: May 05, 2023 01:19 AM

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Ellen has decided to donate $591,000 to her favorite university. If the endowment will earn a return

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Engineering Economics

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