A rich singer has donated 444640 to endow a university
A rich singer has donated $444640 to endow a university professorial chair in Bohemian Studies. If the money is invested at 12.46%, how much can be withdrawn each year, ad infinitum (indefinitely), to pay the Professor of B.S.?
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a rich singer has donated 444640 to endow a university professorial chair in bohemian studies if the money is invested
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