Question
Alain Dupre wants to set up a scholarship fund for his school. The annual scholarship payment is to be $4,300 with the first such payment
Alain Dupre wants to set up a scholarship fund for his school. The annual scholarship payment is to be $4,300 with the first such payment due two years after his deposit into the fund. If the fund pays 3.7% compounded annually, how much must Alain deposit?
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Financial Management In Construction Contracting
Authors: Andrew Ross, Peter Williams
1st Edition
1405125063, 9781405125062
