Kyler Morris wishes to endow a chair in finance at the University of Texas at Arlington....
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Kyler Morris wishes to endow a chair in finance at the University of Texas at Arlington. The university indicated that it requires $200,000 per year to support the chair, and the endowment would earn 10% per year. To determine the amount Martin must give the university to fund the chair, we must determine the present value of a $200,000 perpetuity discounted at 7.3%. Answer without the $ sign to the nearest whole dollar amount.. Kyler Morris wishes to endow a chair in finance at the University of Texas at Arlington. The university indicated that it requires $200,000 per year to support the chair, and the endowment would earn 10% per year. To determine the amount Martin must give the university to fund the chair, we must determine the present value of a $200,000 perpetuity discounted at 7.3%. Answer without the $ sign to the nearest whole dollar amount..
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