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Suppose that you want to set up a scholarship fund at your Alma mater that provides $12,000 to qualified students per year indefinitely. If the
Suppose that you want to set up a scholarship fund at your Alma mater that provides $12,000 to qualified students per year indefinitely. If the interest rate offered is 7.5%, how much would you have to invest today to set up the scholarship? how would your answer change if any, interest rates were expected to decrease in the near future
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