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A wealthy patron of a small private college wishes to endow a chair in mathematics with a gift of G thousand dollars. Suppose the mathematician who occupies the chair is to receive $150 thousand dollars per year in salary and benefits. If money costs 4% per year compounded continuously, what is the smallest possible value for G?

G=_____________ thousand dollars

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720237

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