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Mrs . McTavish wants to establish an annual $ 5 , 4 0 0 scholarship in memory of her husband. The first scholarship is to
Mrs McTavish wants to establish an annual $ scholarship in memory of her husband. The first scholarship is to be awarded two years from now. If the funds can earn compounded annually, what amount must Mrs McTavish pay now to sustain the scholarship in perpetuity? Round your answer to the nearest cent.
Mrs McTavish wants to establish an annual $ scholarship in memory of her husband. The first scholarship is to be awarded two years from now. If the funds can earn compounded annually, what amount must Mrs McTavish pay now to sustain the scholarship in perpetuity? Round your answer to the nearest cent.
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