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Assume the compounding period suggested by the problem. Assume that payments are end of period payments. 1. Assume that you win a scholarship for $18,000.

Assume the compounding period suggested by the problem. Assume that payments are end of period payments.

1. Assume that you win a scholarship for $18,000. Ignoring taxes, how much will your investment be worth in 8 years if you can earn an 7.5% return per year assuming annual compounding? How about if you can earn 11%?

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