Business
Business, 31.07.2019 22:20, tonio638

Agraduate of kennesaw state university who built a successful business wanted to start an endowment in her name that would provide scholarships to ie students. she wanted the scholarships to amount to $10,000 per year, and she wanted the first one to be given on the day she made the donation (i. e., at time 0). if she planned to donate $100,000, what rate of return would the university have to make in order to be able to award the $10,000 per year scholarships forever?

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