Question: Question 4 (0.2 points) How much would you need to gift to the university today to establish a scholarship fund that pays out $20000 in
Question 4 (0.2 points) How much would you need to gift to the university today to establish a scholarship fund that pays out $20000 in scholarships in one year and grows the scholarship payout by 1% per year? Assume that the university endowment earns 6% per year on its investments
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