Answered

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an anonymous donor wishes to give scu an endowment that will initially pay out $50 k per year forever. assuming they can secure a 4% interest rate, how much would the donor need to contribute to the endowment so that it can pay out forever if (a) it continues to pay out $50 k per year continuously (b) the payouts have a continuously compounded annual increase of 3%

Sagot :

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