Determine what must he deposit now

Reference no: EM132160379

Question: Bryson R. Tin foot IV wants to endow a position in perpetuity for a chaired professor at Misstate University. Such a position requires $125,000 per year. If the funds earn interest at 7%, what must he deposit now? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132160379

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