Clair decided to set up a scholarship for college students. She deposited$1200 in an account at the

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Clair decided to set up a scholarship for college students. She deposited$1200 in an account at the end of each year for 8 years. The AV of this annuity will be used to buy a perpetuity that pays$600 at the end of each year for a deserving student. (i.e. first payment at time 9)

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Posted Date: May 18, 2024 11:04 PM

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Clair decided to set up a scholarship for college students. She deposited$1200 in an account at the

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