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A college wants to provide students with a perpetual scholarship of $4,000 at the end of every quarter. How large should its endowment fund be
A college wants to provide students with a perpetual scholarship of $4,000 at the end of every quarter. How large should its endowment fund be if money can earn 6.60% compounded quarterly? $242,424.24 O $240,424.24 $244,024.24 $245,624.24
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