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calendar year. 1. Ms. Nash-Haruna makes a $6,000 contribution to the fund. 2. Bellevue purchases investments in the amount of $2,400,000. 3. During the year,
calendar year. 1. Ms. Nash-Haruna makes a $6,000 contribution to the fund. 2. Bellevue purchases investments in the amount of $2,400,000. 3. During the year, Bellevue receives $96,000 cash from interest earnings. 4. At year-end, another $12,000 in interest is due to Bellevue from the investments. 5. The fund pays $4,800 in operating expenditures for administration during the year
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