Determine the Amount of Money Required to Set Up a Charitable

question 43

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. $P = \$ 12,000 , r = 6 \%$

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

---

Definitions:

Defamation

The act of harming someone's reputation by making false and damaging statements about them.

Private Nuisance

A disturbance or interference with an individual's enjoyment or use of their property, without trespassing onto the property.

Trespass to Property

Entry onto property without consent of the owner, leading to potential civil liability.

Harassment

Unwanted conduct affecting the dignity of men and women in the workplace or any other area, which may be related to age, sex, race, disability, religion, sexual orientation, nationality, or any personal characteristic of the individual.