Economic rationality would argue against a university accepting a split interest agreement in which a fixed annuity is payable to the donor if:

Economic rationality would argue against a university accepting a split interest agreement in which a fixed annuity is payable to the donor if:

Economic rationality would argue against a university accepting a split interest agreement in which a fixed annuity is payable to the donor if: 

Ans. The present value of the future annuity payments and other liabilities exceed the fair market value of the assets.