Endowment income is a critical part of the annual budgets at colleges and universities. A study… 1 answer below »

Endowment income is a critical part of the annual budgets at colleges and universities. A study… 1 answer below »

Endowment income is a critical part of the annual budgets at colleges and universities. A study by the National Association of College and University Business Officers reported that the 435 colleges and universities surveyed held a total of $413 billion in endowments. The 10 wealthiest universities are shown below (The Wall Street Journal, January 27, 2009). Amounts are in billion of dollars

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