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please help (b) Forsythia Institute would like to set up a scholarship that pays outstanding students RM15,000 in tuition fees. Given the cost of capital

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(b) Forsythia Institute would like to set up a scholarship that pays outstanding students RM15,000 in tuition fees. Given the cost of capital is 10% and the institute expect the scholarship to last forever, how much should be set aside today if the scholarship is expected to start in 3 years time? (4 marks)

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