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Business, 16.07.2021 07:20 LuckyCharms988

A firm wants to sponsor an engineering lab. This requires $2.5M to construct the lab, $1.2M to equip it, and $600,000 every 5 years for new equipment. What is the required endowment if the university will earn 6% interest on funds

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A firm wants to sponsor an engineering lab. This requires $2.5M to construct the lab, $1.2M to equip...
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