Question: please show your work, do not use excle solve it with showing your factors and also show the cash flow 1 (12 pts) A permanent
please show your work, do not use excle solve it with showing your factors and also show the cash flow
1 (12 pts) A permanent endowment at a major university is established to award scholarships to engineering students. The scholarships will be awarded 11 years after the $15000000 lump-sum donation is made. If the interest from the endowment is to fund 100 students each year in the amount of $15000 per student (for infinite years), what annual rate of return must the endowment fund carn? Hint: (5%
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