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Close Date: Wed, Aug 19,2020 10:15 AM Question 9 of 13 A college plans to set up an endowment fund that will provide a scholarship

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Close Date: Wed, Aug 19,2020 10:15 AM Question 9 of 13 A college plans to set up an endowment fund that will provide a scholarship of $3,500 at the end of every quarter, in perpetuity. How much should the college invest in the fund, if the fund earns 4.25% compounded quarterly? Round to the nearest cent

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