Question
An engineering college want to create a $81,740 trust fund for course textbooks each semester during the regular school (two times a year). If the
An engineering college want to create a $81,740 trust fund for course textbooks each semester during the regular school (two times a year). If the fund has a 14% nominal interest rate compounded biannually, how much must be in the fund to start to keep it going indefinitely?
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Survey of Accounting
Authors: Carl S Warren
6th edition
978-113318912, 1133189121, 978-1133189121
