A wealthy alumnus wants to establish a scholarship that will pay $2,000 at the beginning of every
Fantastic news! We've Found the answer you've been seeking!
Question:
A wealthy alumnus wants to establish a scholarship that will pay $2,000 at the beginning of every school year. What amount is required to establish the scholarship if money can earn 7% compounded semiannually?
$59,142.86
$28,571.43
$56,160.06
$30,080.03
$57,142.86
Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
Posted Date: