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Category > Accounting Posted 23 May 2017 My Price 5.00

What smaller scholarship can be awarded the year prior to the first $5,000 scholarship

suppose $40,000 was invested on January 1, 1980 at an annual effective interest rate of 7% in order to provide an annual(calendar year) scholarship of $5,000 each year forever, the scholarship paid out each January 1. What smaller scholarship can be awarded the year prior to the first $5,000 scholarship?

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Alpha Geek
(8)
Status NEW Posted 23 May 2017 08:05 AM My Price 5.00

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file 1495529620-Answer.docx preview (137 words )
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