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You what to fund an endowment that will spit off $500,000 next year, and want...

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You what to fund an endowment that will spit off $500,000 next year, and want that to grow at 2% a year forever. How much do you need to place in the endowment if you expect to earn 7% per year. $7.142,857 $10,000,000 $25,000,000 $5,000,000 Question 12

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