A fund is to be set up for an annual scholarship of $5000.00. If the first payment

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A fund is to be set up for an annual scholarship of $5000.00. If the first payment is due in three years and interest is 6.2% compounded quarterly, what amount must be deposited in the scholarship fund today?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

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Question Posted: Nov 29, 2017 06:48 AM

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A fund is to be set up for an annual scholarship of $5000.00. If the first payment

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Contemporary Business Mathematics with Canadian Applications

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