A doner is in discuss with a university to establish a scholarship which one scholarship is...

 

Transcribed Image Text:

A doner is in discuss with a university to establish a scholarship which one scholarship is to be given year after year. If the annual scholarship payment is $4,000, and the university use a 5.2% internally for such donation. How much the doner need to give so that the scholarship can kick start with the first scholarship to be paid out in one year? (Round to whole dollar) A professor received $38,000 of grant money to hire research assistant. If the monthly pay level for a research assistant is $2000. If he put the grant money for an interest-bearing account at monthly interest rate of 0.31%, approximately how many months of research assistant he can afford with this grant money? (round to month, e.g, for 28.2 month, enter 28, for 28.7 month, enter 29) A doner is in discuss with a university to establish a scholarship which one scholarship is to be given year after year. If the annual scholarship payment is $4,000, and the university use a 5.2% internally for such donation. How much the doner need to give so that the scholarship can kick start with the first scholarship to be paid out in one year? (Round to whole dollar) A professor received $38,000 of grant money to hire research assistant. If the monthly pay level for a research assistant is $2000. If he put the grant money for an interest-bearing account at monthly interest rate of 0.31%, approximately how many months of research assistant he can afford with this grant money? (round to month, e.g, for 28.2 month, enter 28, for 28.7 month, enter 29)

Answer rating: 100% (QA)

To establish a scholarship wit... View the full answer