What sum of money must be deposited in a trust fund to provide a scholarship of $63,000

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What sum of money must be deposited in a trust fund to provide a scholarship of $63,000 payable at the end of each month if interest is 78% compounded monthly?

Related Book For answer-question

Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Posted Date: Mar 09, 2022 01:59 AM

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What sum of money must be deposited in a trust fund to provide a scholarship of $63,000

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Engineering Economy

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