University professorial chair in bohemian studies

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A rich singer has donated $444640 to endow a university professorial chair in Bohemian Studies. If the money is invested at 12.46%, how much can be withdrawn each year, ad infinitum (indefinitely), to pay the Professor of B.S.?

Reference no: EM131445389

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University professorial chair in bohemian studies : A rich singer has donated $444640 to endow a university professorial chair in Bohemian Studies. If the money is invested at 12.46%, how much can be withdrawn each year, ad infinitum (indefinitely), to pay the Professor of B.S.?

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