Question
A local company would like to provide a scholarship for a graduating student. They would like to be able to offer $1500 at the end
A local company would like to provide a scholarship for a graduating student. They would like to be able to offer $1500 at the end of each year. How much would they have to invest into an account paying 5%/a compounded annually if they would like the funds to last for the next 15 graduating classes?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
