Question
C 3 % PVS1 PVA FV$1 FVA 9.00% 0.77218 2.53129 129503 3.27810 9 4.50% 0.76790 5.15787 1.30226 6.71689 12 2.25% 0.76567 10.41478 1.30605 13.60222
C 3 % PVS1 PVA FV$1 FVA 9.00% 0.77218 2.53129 129503 3.27810 9 4.50% 0.76790 5.15787 1.30226 6.71689 12 2.25% 0.76567 10.41478 1.30605 13.60222 36 0.75% 0.76415 31.44681 1.30865 41.15272 0/1 pts You are going to receive a scholarship for $18.000 at the end of 3 years for graduate school. How much must the scholarship fund invest today so it has the money to pay you in 3 years if it can earn 9% compounded quarterly (round to nearest dollar)?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
