A Generous Benefactor to the Local Ballet Plans to Make

question 139

Multiple Choice

A generous benefactor to the local ballet plans to make a one-time endowment which would provide the ballet with $150,000 per year into perpetuity. The rate of interest is expected to be 5 percent for all future time periods. How large must the endowment be?

• A) $ 300,000
• B) $3,000,000
• C) $ 750,000
• D) $1,428,571

---

Definitions:

Black Presidential Candidate

Refers to a presidential candidate who is of African or African American descent, representing a significant aspect of racial diversity in political representation.

Colonial Roots

denotes the historical origins and influences stemming from the period of colonization, impacting societies, cultures, and nations.

Aboriginal Peoples

Indigenous peoples who are original inhabitants of a land, especially used with reference to the First Nations, Inuit, and Métis peoples of Canada.

Normalization

The process through which ideas, behaviors, and conditions are made to appear normal, natural, and acceptable within a society.