On completion of her introductory finance course, marla lee was so with the amount of useful and interesting knowledge she gained that she convinced her parents, who were wealthy alums of the university she was attending, to create an endowment. the endowment is to allow three needy students to take the introductory finance course each year in perpetuity. the guaranteed annual cost of tuition and books for the course is $1,100 per student. the endownment will be created by making a single payment to the university. the university expects to earn exactly 4% per year on these funds.
a)  how large an initial single payment must marla's parents make to the university to fund the endowment ? round to the nearest dollar
b) what amount would be needed to fund the endowment if the university could earn 6% rather than 4% per year on the funds? round to the nearest dollar

Net income and owner's equity for four businesses four different proprietorships, jupiter, mars, saturn, and venus, show the same balance sheet data at the beginning and end of a year. these data, exclusive of the amount of owner's equity, are summarized as follows: total assets total liabilities beginning of the year $550,000 $215,000 end of the year 844,000 320,000 on the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (hint: first determine the amount of increase or decrease in owner's equity during the year.) jupiter: the owner had made no additional investments in the business and had made no withdrawals from the business. mars: the owner had made no additional investments in the business but had withdrawn $36,000. saturn: the owner had made an additional investment of $60,000 but had made no withdrawals. venus: the owner had made an additional investment of $60,000 and had withdrawn $36,000. jupiter net income $ mars net income $ saturn net income $ venus net income $