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24. v MY NOTES A university alumni group wants to provide a monthly scholarship to current students. If the scholarship amount of $200 is awarded

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24. v MY NOTES A university alumni group wants to provide a monthly scholarship to current students. If the scholarship amount of $200 is awarded monthly beginning 1 month from now, and the fund earns interest at a rate of 6% per year compounded continuously, find the amount of the endowment the alumni are required to make now. $48,000 $60,000 $40,000 $52,000 $44,000

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