Computer colleagues inc wants its name on the computer, Ask an Expert

Economics

Computer Colleagues, Inc., wants its name on the computer engineering building planned for the campus. For naming, the university requires that 60% of the first cost of the building and 20% of the maintenance be covered by an endowment. The building should initially cost $14M, and maintenance will cost $350,000 per year. If the endowment will be invested at 8%, how large a donation must Computer Colleagues make?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92635729

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