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9. You wish to establish an endowment fund that will provide student financial aid awards every month, perpetually. To finance the scholarships you will

9. You wish to establish an endowment fund that will provide student financial aid awards every month, perpetually. To financ 

9. You wish to establish an endowment fund that will provide student financial aid awards every month, perpetually. To finance the scholarships you will make a series of equal deposits into a savings account. The deposits will be made monthly equal to $2,000 each, with the first one today and the final one in 7 years. The first award is to be granted one month after the last deposit. The savings rate is 5.90% compounded monthly. 1. Construct timelines. 2. Find the future value of the principle of scholarships after last deposit. 3. How much is each award? H " IF

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