Question
On September 1, 2010, a wealthy industrialist gives a university a fund of $100,000 that is invested at 8% compounded daily. If semi-annual scholarships are
On September 1, 2010, a wealthy industrialist gives a university a fund of $100,000 that is invested at 8% compounded daily. If semi-annual scholarships are awarded for 20 years from this grant, what is the size of each scholarship if the first one awarded on (a) September 1, 2010? (b) September 1, 2012?
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A Fast And Frugal Finance
Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi
1st Edition
0128124954, 978-0128124956
