University money to fund full-ride student scholarship

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Reference no: EM131625285

You want to give the university money to fund a full-ride student scholarship. You figure this will take $25,000/yr. to make it happen. If you want it to be an endowment that lasts forever (it earns 4% APR), how much money do you need to give the university?

Reference no: EM131625285

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