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A college plans to set up an endowment fund that will provide a scholarship of $4,500 at the end of every quarter, in perpetuity. How
A college plans to set up an endowment fund that will provide a scholarship of $4,500 at the end of every quarter, in perpetuity. How much should the college invest in the fund, if the fund earns 3.75% compounded quarterly? Round to the nearest cent Step by Step Solution
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
