A college wants to provide students with a perpetual scholarship of $5000 at the end of every
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A college wants to provide students with a perpetual scholarship of $5000 at the end of every three months. How large should its endowment fund be if money can earn 12% compounded quarterly?
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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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