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show work please olve the problem. 25) The Finance Club would like to endow an annual prize of $150 to the student who shows the

show work please image text in transcribed
olve the problem. 25) The Finance Club would like to endow an annual prize of $150 to the student who shows the most promise as a future stockbroker. The club is confident that it can invest indefinitely at an interest rate of at least 5% a year. How much does the club need to endow its prize? A) $300 C) $158 B) $3000 D) $3150 150l It.005)

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