Question: 13.5.19 Question Help A fund is to be set up for an annual scholarship of $8,000.00. If the first payment is due in five years

13.5.19 Question Help A fund is to be set up for

13.5.19 Question Help A fund is to be set up for an annual scholarship of $8,000.00. If the first payment is due in five years and interest is 6.7% compounded quarterly, what amount must be deposited in the scholarship fund today? The amount that must be deposited in the scholarship fund today is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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