Question: User In order to create an endowment, which pays $ 1 0 0 , 0 0 0 per year, forever, how much money must be

User
In order to create an endowment, which pays $100,000 per year, forever, how much money must be set aside today if the rate of interest is 13%?
$696,450.43
$714,336.58
$769,230.77(chose this)
$666,666.67

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