Order the answer to: A donor (you) wishes to start an endowment that will

Assignment Help business-economics Order the answer to: A donor (you) wishes to start an endowment that will

business-economics

Order the answer to: A donor (you) wishes to start an endowment that will

Question A donor (you) wishes to start an endowment that will provide scholarship money of $40,000 per year beginning in year 5 and continuing indefinitely. If the university earns 10% per year on the endowment, the amount you must donate now is closest to: (a) $–225,470 (b) $–248,360 (c) $–273,200 (d) $–293,820
Subject business-economics
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