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Kellie Osborn plans to make 4 equal annual deposits into a scholarship fund beginning today. If the fund earns an annual interest rate of 7
Kellie Osborn plans to make 4 equal annual deposits into a scholarship fund beginning today. If the fund earns an annual interest rate of 7 percent, how much would he have to deposit each year so that the fund could provide a $7000 scholarship each year into infinity with the first scholarship being awarded 4 years from today? 0 1 2 3 4 5 D D D D 7000 7000 OA. $25,159 B. $23,714 OC. $26,669 OD. $22,523 O E. $27,379
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