A college wants to establish a research fund to support their ongoing research projects. How much money

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A college wants to establish a research fund to support their ongoing research projects. How much money does the college need if they require the fund to pay $5000 semi-annually for 5 years and $6000 semi-annually thereafter if month is worth 6.4% compounded annually?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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