UUM will provide RM15,000 in scholarship funds next year with that amount increasing by 1.5 percent annually

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UUM will provide RM15,000 in scholarship funds next year with that amount increasing by 1.5 percent annually thereafter. If the discount rate is 4.1 percent, what is the current value of this perpetual scholarship?

A. RM777,777.78

B. RM748,602.49

C. RM726,849.29

D. RM576923.076

Related Book For answer-question

Essentials Of Business

ISBN: 9780367196189

4th Edition

Authors: Spencer Michelle

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Posted Date: Nov 14, 2022 02:34 AM

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UUM will provide RM15,000 in scholarship funds next year with that amount increasing by 1.5 percent annually

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Essentials Of Business

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