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help please each of the next 5 years is A) $36,050 B) $63,530 C) $40,376 D) $71,152 18) A college received a contribution to its

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each of the next 5 years is A) $36,050 B) $63,530 C) $40,376 D) $71,152 18) A college received a contribution to its endowment fund of $2 million. It can never touch the principal, but can use the earnings. At an assumed interest rate of 9.5 percent, how much can the college earn to help its operations each year? A) $95,000 B) $19,000 C) $190,000 D) $18,000 19) Find the future value at the end of year 3 of the following stream of cash flows received at the end of each year, assuming the firm can earn 17 percent on its investments. Year 1 2 3 Amount $3,000 6,000 9,000 A) $20,724 B) $20,127 C) $23,550 D) $23,350 20) Ashley owns stock in a company which has consistently paid a growing dividend over the last five years. The first year Ashley owned the stock, she received $1.71 per share and in the fifth year, she received $2.89 per share. What is the growth rate of the dividends over the last five years? A) 7 percent B) 11 percent C) 12 percent D) 5 percent

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