A college endowment fund provides year-end scholarships of $7500 at 2.85% compounded semi-annually. If the fund was
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A college endowment fund provides year-end scholarships of $7500 at 2.85% compounded semi-annually. If the fund was set up to earn 2.85% compounded monthly instead, how much less money would be required to start the fund?
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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