A technology company deposited $62,580 into an account for yearly scholarships to be awarded to business students
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A technology company deposited $62,580 into an account for yearly scholarships to be awarded to business students in Canada. The scholarship will be given at the beginning of every year forever, with the first scholarship to be awarded four years after the amount was deposited. What will be the size of these annual scholarships if the interest rate is 6.6% compounded semi-annually?
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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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