You and some of your classmates have decided that you would like to establish a scholarship at Southeastern for business students. Everyone agrees that the scholarship endowment should pay $90,000 per year without ever decreasing the principal. If endowments receive returns of 5% when invested, how much money will you and your classmates need to raise

no u can still get a job there u just have to be determined.

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%