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  please show your work, do not use excle solve it with

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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