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A donor would like to fund a scholarship that will pay the receipient $ 10000.00 at the end of every year for 3 years. If
A donor would like to fund a scholarship that will pay the receipient $10000.00 at the end of every year for 3 years. If the school can get a 4.50% return on its investment, how much money does the donor need to give today to sufficiently fund the scholarship? $ ____ Do not use dollar signs or commas in your answer. Include two decimals in your answer.
You may attempt this question 2 more times for credit. sufficiently fund the scholarship? Do not use dollar signs or commas in your answer. Include two decimals in yourStep by Step Solution
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