How large must the endowment be

Reference no: EM132158731

Question: A leading firm in artificial limbs wants to establish an endowed chair in biomedical engineering at Research University. The annual cost of the chair is $150,000. If the endowment will be invested at 5%, how large must the endowment be? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132158731

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