How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Falak Naz Your Own Question

Falak Naz
Falak Naz, Accountant
Category: Homework
Satisfied Customers: 532
Experience:  I am a qualified Chartered Accountant. For the last five years i am working as manager
16788307
Type Your Homework Question Here...
Falak Naz is online now
A new question is answered every 9 seconds

10) A college received a contribution to its endowment fund

Customer Question

10) A college received a contribution to its endowment fund of $2 million. They can never touch the principal, but they 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

11) The ________ rate of interest creates equilibrium between the supply of savings and the demand for investment funds.
A) nominal
B) real
C) risk-free
D) inflationary

12) All of the following are examples of long-term debt EXCEPT
A) bonds.
B) lines of credit.
C) term loans.
D) debentures.
Submitted: 7 years ago.
Category: Homework
Expert:  Falak Naz replied 7 years ago.
THIS ANSWER IS LOCKED!

You need to spend $3 to view this post. Add Funds to your account and buy credits.