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You are going to receive an $18,000 scholarship at the end of 3 years for graduate school. How much must the scholarship fund invest
You are going to receive an $18,000 scholarship at the end of 3 years for graduate school. 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)? 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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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
