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a lump sum of 50000 is deposited into an endowment for a scholarship that earns 4% interest compounded quarterly. what initial scholarship can be awared
a lump sum of 50000 is deposited into an endowment for a scholarship that earns 4% interest compounded quarterly. what initial scholarship can be awared a year from now so that it can be awarded in perpetuity? A) assume the scholarship amount does not change. B) assume the scholarship amount increases by 10 per year. C) assume the scholarship amount increases by 1% per year
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