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

question 60

Multiple Choice

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

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

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Definitions:

Body Movements

Physical activities and motions performed by the muscles of the body, ranging from simple actions like walking to complex tasks like writing or dancing.

Therapeutic Touch

A healing approach based on the idea that practitioners can help heal by moving their hands over the patient's body.

Nonverbal Communication

The process of conveying a message without the use of words, through body language, facial expressions, gestures, and tone of voice.

Mutual Concern

A shared sense of care or interest between two or more parties.