How large should the endowment of a college be in order to
How large should the endowment of a college be in order to guarantee the availability of funds for $1,000,000 per year? Assume that the endowment can be invested at an annual rate of 4.5%?
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How large should the endowment of a college be in order to guarantee the availability of funds for $1,000,000 per year Assume that the endowment can be invested at an annual rate of 4.5%
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