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Your school has been left £1 000 000 in the will of an ex-pupil ...
The pupil made some conditions on how the money should be invested and used. These were:
You are asked to produce models of investment and expenditure based on any balance being invested at a fixed interest rate (it is suggested that you could start with a rate of $4 \%$). Your model could also consider different inflation rates.
What model would you choose to ensure the best return for the school over a period of $50$ years?
If you want some suggested starting points for models you might like to look at these .