Question
On 1 January 2017 you decide to create a scholarship fund which will pay $11,000 each year commencing 1 January 2022. If the effective annual
On 1 January 2017 you decide to create a scholarship fund which will pay $11,000 each year commencing 1 January 2022. If the effective annual interest rate is 5.9%, the amount required at 1 January 2017 to establish the scholarship is closest to:
Select one:
a. $148237
b. $139978
c. $248325
d. $186441
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Fundamentals Of Investments Valuation And Management
Authors: Bradford D Jordan, Thomas W. Miller Jr., Steven D. Dolvin
6th Edition
0073530719, 9780073530710
