A college alumnus donated $150,000 to start an annual perpetual scholarship for the best student in his

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A college alumnus donated $150,000 to start an annual perpetual scholarship for the best student in his college's business program. If the fund earns 5% compounded semi-annually, what will be the amount of the year-end scholarship?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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