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You dream of endowing a chair in finance at the local university that will provide the university with a cash flow of $150,000 per year FOREVER, with the first cash flow to be one year from today. If the university will be able to invest the money at a rate of 5.5% per year, how much money must you give the university today to make your dream a reality? ROUND TO THE NEAREST DOLLAR

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Financial Management, Finance

Category:- Financial Management
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