1.ln order to create an endowment, which pays $100,000 per year, forever, starting three years from today, how much money must be set aside today if the rate of interest is 10%? 2. How much would you...

1.ln order to create an endowment, which<br>pays $100,000 per year, forever, starting three<br>years from today, how much money must be<br>set aside today if the rate of interest is 10%?<br>2. How much would you have to deposit now<br>into an account paying 10% interest per year<br>in order to have $1,000,000 in 40 years?<br>

Extracted text: 1.ln order to create an endowment, which pays $100,000 per year, forever, starting three years from today, how much money must be set aside today if the rate of interest is 10%? 2. How much would you have to deposit now into an account paying 10% interest per year in order to have $1,000,000 in 40 years?

Jun 08, 2022

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1.ln order to create an endowment, which pays $100,000 per year, forever, starting three years from today, how much money must be set aside today if the rate of interest is 10%? 2. How much would you...

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