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A donation of $2,000,000 is to be used to provide semi-annual scholarships. The first is awarded 2.5 years from now. Interest is 6% compounded monthly,
A donation of $2,000,000 is to be used to provide semi-annual scholarships. The first is awarded 2.5 years from now. Interest is 6% compounded monthly, what is the size of the scholarships?
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To find the size of the scholarships we can use the future value of an annuity formula which calcula...
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
7th Edition
1259066487, 978-1259066481
