You want to fund an endowment that will spit off $500,000 next year, and want that to
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You want to fund an endowment that will spit off $500,000 next year, and want that to grow at 2% a year forever. How much do you need to place in the endowment if you expect to earn 7% per year?
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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