How much will it cost to endow a 24,967 per year scholarship if the endowment earns 5 interest?
Cost of endowment is = Scholarship per year /5%
Cost of endowment is = (25967/0.05)
Cost of endowment is $ 499,340/.
How much will it cost to endow a 24,967 per year scholarship if the endowment earns...
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