Calculate the amount of money invested today at 7 % compounded quarterly which will provide a...
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Calculate the amount of money invested today at 7 % compounded quarterly which will provide a scholarship of $1,400 at the end of every six months in perpetuity. Hint: This is an ordinary general perpetuity. (Round your final answer to 2 decimals). Calculate the amount of money invested today at 7 % compounded quarterly which will provide a scholarship of $1,400 at the end of every six months in perpetuity. Hint: This is an ordinary general perpetuity. (Round your final answer to 2 decimals).
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