A Hospital Received a Contribution to Its Endowment Fund of $2

question 130

Multiple Choice

A hospital received a contribution to its endowment fund of $2 million. The hospital can never touch the principal, but it can use the earnings. At an assumed interest rate of 9.5 percent, how much can the hospital earn to help its operations each year?

• A) $95,000
• B) $19,000
• C) $190,000
• D) $18,000

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Definitions:

Symbolic Gestures

Actions performed to convey a specific message or sentiment without the use of words, often culturally defined.

Parentese

A simplified and exaggerated form of speech, often used by adults when talking to babies and young children, characterized by higher pitch, slower rate, and exaggerated intonation.

Communication

The process of transferring information, ideas, emotions, or skills from one entity to another through various means, including speech, writing, signals, or behavior.

Child Care

The care and supervision of young children, especially by a person other than the child's parents.