Question: When he died in 1891, Sir John A Macdonald left $5,200 to a new university to be built in Eastern Canada. The only stipulation was

When he died in 1891, Sir John A Macdonald left $5,200 to a new university to be built in Eastern Canada. The only stipulation was that the money and its earnings could not be used for fifty years. The bequest grew to $212,000 by 1941 What (equivalent) compound annual rate of return did the bequest earn during the fifty-year period

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