Aloma, a university graduate who started a
Chapter 7, Problem 7.19(choose chapter or problem)
Aloma, a university graduate who started a successfulbusiness, wants to start an endowment inher name that will provide scholarships to IE students.She wants the scholarship to provide$10,000 per year and expects the first one to beawarded on the day she fulfills the endowmentobligation. If Aloma plans to donate $100,000,what rate of return must the university realize inorder to award the $10,000 per year scholarshipforever?
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