Endowment income is a critical part of the annual budget of a university and colleges. Based on the given data, the estimated value of the dollar would be $44.20; this will be the amount of the decline in the total endowments held by these 10 university. With this, school administrators will be expected to consider increased in tuition fee and fund raising efforts and implement cost reductions policy.
Previous endowment x 0.77 = Current endowment
Previous endowment = current endowment / 0.77 = $147.9 / 0.77 = $192.10
Reduction = $ 192.10 - $147.90 = $44.20