Question
How much can be paid in scholarships at the end of each year if $150,000 is deposited in a trust fund and interest is 4.5%
How much can be paid in scholarships at the end of each year if $150,000 is deposited in a trust fund and interest is 4.5% compounded annually?
I need an answer by using only the TI BA II calculator features (N, I/Y, PV, PMT, FV, AMORT) to solve questions whenever possible.
please only use TI BA II CALCULATOR FEATURES
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Money, Banking And Financial Markets
Authors: Stephen G. Cecchetti, Kermit L. Schoenholtz
3rd Global Edition
1259071197, 9781259071195
