A generous philanthropist plans to make a one-time endowment to a renowned heart research center which would provide the facility with $250,000 per year into perpetuity. The rate of interest is expected to be 8 percent for all future time periods. How large must the endowment be?
A) $2,314,814
B) $2,000,000
C) $3,125,000
D) $3,000,000
C) $3,125,000
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Boeing developed the wide-bodied aircraft, the 777, with about ________ of the work subcontracted out to Mitsubishi, Fuji, and Kawasaki
A) 50% B) 25% C) 20% D) 60% E) 75%
Adults who contract with minors are bound to the agreement unless the minor chooses to disaffirm.
Answer the following statement true (T) or false (F)
Interest on bonds usually is paid annually
Indicate whether the statement is true or false
Which of the following need NOT be included in the certificate filed by a limited partnership?
a. The name of the limited partnership. b. The name and address of the agent for service of process. c. The names and addresses of each of the limited partners. d. The name and business address of each general partner.