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1. Your father wants to start a permanent endowment in his name. He wants to be able to give scholarships to 6 engineering students each
1. Your father wants to start a permanent endowment in his name. He wants to be able to give scholarships to 6 engineering students each year beginning 10 years from now. If he wants the scholarships to be in the amount of $6,000 for each student, how must he donate now if the account earns interest at a rate of 9% per year? -$187,575 AD -$196,560 -$ 184160.CO $173,700.00 7
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
