Question
Alain Dupre wants to set up a scholarship fund for his school. The annual scholarship payment is to be $4,100 with the first such payment
Alain Dupre wants to set up a scholarship fund for his school. The annual scholarship payment is to be
$4,100
with the first such payment due
four
years after his deposit into the fund. If the fund pays
3.2%
compounded
annually,
how much must Alain deposit?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
