Question
A scholarship fund is to be set up to provide monthly scholarships of $750. If the first payment is due in 5.5 years and interest
A scholarship fund is to be set up to provide monthly scholarships of $750. If the first payment is due in 5.5 years and interest is 5.8% compounded quarterly, what sum of money must be deposited in the scholarship fund today? (The correct answer is $114,140.76. Please show a way to get to that answer.)
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Finance For Food Towards New Agricultural And Rural Finance
Authors: Doris Köhn
1st Edition
3662568659, 978-3662568651
