An alumni of Douglas offers to setup a perpetual fund as a scholarship for the students of

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An alumni of Douglas offers to setup a perpetual fund as a scholarship for the students of Douglas. The scholarship is to offer $

8500

per month forever. If the monthly payments will start

3

years from now, what amount must be placed in today if it can earn

4.6 %

compounded monthly?

____(8)____

.

Posted Date: May 18, 2024 08:02 PM

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An alumni of Douglas offers to setup a perpetual fund as a scholarship for the students of

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