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A university alumni group wants to provide a quarterly scholarship to current students. If the scholarship amount of $600 is awarded quarterly beginning 3 months
A university alumni group wants to provide a quarterly scholarship to current students. If the scholarship amount of $600 is awarded quarterly beginning 3 months from now,and the fund earns interest at a rate of 8% per year compounded continuously, fund the amount of the endowment the alumni are required to make now
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