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Camosun College has just received a donation of $60,000. The donor has stipulated that the funds should be used to fund an ongoing annual bursary

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Camosun College has just received a donation of $60,000. The donor has stipulated that the funds should be used to fund an ongoing annual bursary with the first payment given out in one year. If the money is invested into an account earning 2.84% compounded annually (1), how much will the annual bursary be? Your

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