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Business, 12.01.2022 09:40 ecletcicbeauty946

To honor your instructor in ECON 310, you have decided at graduation to endow a professorship in engineering economics that pays $300,000 per year in perpetuity (i. e., forever). If accounts at the UM Foundation earn 4% interest, you will have to make a lump-sum gift of to achieve your goal. A. $8,625,000 B. $11,856,322 C. $6,325,000 D. $7,500,000

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