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Business, 11.02.2021 22:40 chris7055

Aloma, a university graduate who started a successful business, wants to start an endowment in her name that will provide scholarships to IE students. She wants the scholarship to provide $18,000 per year and expects the first one to be awarded on the day she fulfills the endowment obligation. If Aloma plans to donate $150,000, what rate of return must the university realize in order to award the annual scholarship forever

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