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Use the following to answer 19 - 20: You are going to receive an $18,000 scholarship at the end of 3 years for graduate school.
Use the following to answer 19 - 20: You are going to receive an $18,000 scholarship at the end of 3 years for graduate school. 19. $ How much must the scholarship fund invest today so it has the money to pay you in 3 years if it can earn 8% compounded semi-annually (round to nearest dollar)? 20.$__ How much must the scholarship fund invest today so it has the money to pay you in 3 years if it can earn 8% compounded quarterly (round to nearest dollar)?
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Financial Accounting An Integrated Approach
Authors: Michael Gibbins
6th Edition
0176407251, 978-0176407254
