You want to establish an Endowment to provide scholarships for MU Business students. You want...
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You want to establish an Endowment to provide scholarships for MU Business students. You want to provide $10,000 per year beginning next year and have it rise 3% each year thereafter and continue forever. Your expected rate of return on the fund is 8%. How much do you need to invest into the Endowment. $90,909 $80,000 O $125,000 $200,000 TIH Other
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