Suppose after you graduate, you and 9 of your friends plan to set up a scholarship...
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Suppose after you graduate, you and 9 of your friends plan to set up a scholarship fund which gives out a yearly $6,809 scholarship to needy students, forever. If you find a mutual fund which guarantees an annual rate of return of 10% on your initial deposit, how much would you all have to collect to start off the scholarship fund and never to add a penny to it ever again? (Round your answer to a whole number) Suppose after you graduate, you and 9 of your friends plan to set up a scholarship fund which gives out a yearly $6,809 scholarship to needy students, forever. If you find a mutual fund which guarantees an annual rate of return of 10% on your initial deposit, how much would you all have to collect to start off the scholarship fund and never to add a penny to it ever again? (Round your answer to a whole number)
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Related Book For
Supply Chain Network Design Applying Optimization and Analytics to the Global Supply Chain
ISBN: 978-0133017373
1st edition
Authors: Michael Watson, Sara Lewis, Peter Cacioppi, Jay Jayaraman
Posted Date:
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