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​Determine the Amount of Money Required to Set Up a Charitable

Question 29

Multiple Choice

​Determine the amount of money required to set up a charitable endowment that pays the amount P each year indefinitely for the annual interest rate compounded continuously. ​ ​Determine the amount of money required to set up a charitable endowment that pays the amount P each year indefinitely for the annual interest rate compounded continuously. ​ , ​ A) ​$210,000 B) ​​$200,000 C) ​​$220,000 D) ​​$240,000 E) ​​$230,000 , ​Determine the amount of money required to set up a charitable endowment that pays the amount P each year indefinitely for the annual interest rate compounded continuously. ​ , ​ A) ​$210,000 B) ​​$200,000 C) ​​$220,000 D) ​​$240,000 E) ​​$230,000 ​


A) ​$210,000
B) ​​$200,000
C) ​​$220,000
D) ​​$240,000
E) ​​$230,000

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