Permanent endowment for scholarships

Reference no: EM13256712

An alumnus of a small university donated $150,000 to establish a permanent endowment for scholarships. The first scholarships were awarded 5 years after the money was donated. If the amount awarded each year is $15,000, determine the rate of return earned on the fund.

Reference no: EM13256712

Questions Cloud

Personality tests and clerical aptitude test : Personality tests: Giving applicants a clerical aptitude test and then tracking their performance six months later is an example of: Questions contained in structured job interviews should be based on:

Find the maximum value of the force acting on the bar : A conducting bar rests on two parallel horizontal rails 50 cm apart forming a square area. The resistance of the bar and the rails is assumed to be constant and equal to 0.05 ??. What is the maximum value of the force acting on the bar during that ..

Calculate the output for each system for given input : The signal x(t)=10cos(t)+10sin(10t) is input into the following systems: a) $H(s)=100/(s^{2}+10s+100)$ b) $H(s)=s^{2}/(s^{2}+10s+100)$ calculate the output for each system.

Define temperature the vapor pressure of water : Imagine a solution at 25 oC which contain 25.0 mL of ethanol (d = 0.800 g/mL) and 40.0g of water (d =1.00 g/mL). At this temperature the vapor pressure of water is 23.8 Torr and that of ethanol is 60.8 Torr.

Permanent endowment for scholarships : An alumnus of a small university donated $150,000 to establish a permanent endowment for scholarships. The first scholarships were awarded 5 years after the money was donated.

The body of knowledge for the profession : Why do all managers and supervisors need to have knowledge and skills related to Human Resource management?

Calculate the cost of leasing the equipment : Reynolds Corporation plans to purchase equipment at a cost of $3 million. The company's tax-rate is 30 percent and the equipment's depreciation would be $600,000 per year for 5 years.

Current carrying value-impaired assets : For several years, a number of Food Lion,Inc., grocery stores were unprofitable. The company closed, and continues to close, some of these locations.

Describe how to improve productivity : Describe how to improve productivity in non-hospital organizations e.g. American Heart Association, Lupus Foundation, Alzheimer’s Association.

User Account

All Pages