Question
Rebecca wants to set up an endowment, which will be used to pay $5,000 scholarship every six months beginning two years from now. If the
Rebecca wants to set up an endowment, which will be used to pay $5,000 scholarship every six months beginning two years from now. If the endowment pays 4.1% interest compounded continuously, how much should be deposited in the endowment?
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
