Alpha Geek

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Category > Business & Finance Posted 04 Aug 2017 My Price 6.00

Mathematical Interst Theory

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 04 Aug 2017 02:08 PM My Price 6.00

To -----------pro-----------vid-----------e a-----------n a-----------nnu-----------al -----------sch-----------ola-----------rsh-----------ip -----------of -----------$5,-----------000----------- ea-----------ch -----------yea-----------r f-----------ore-----------ver----------- a -----------per-----------pet-----------ual----------- an-----------nui-----------ty -----------is -----------req-----------uir-----------ed,----------- th-----------e v-----------alu-----------e o-----------f w-----------hic-----------h h-----------as -----------to -----------be -----------= $-----------5,0-----------00 -----------/0.-----------07 -----------= $-----------71,-----------428-----------.57-----------

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