I bought a used Mustang rag-top sight unseen at an online auction. It ran great! I...

 

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I bought a used Mustang rag-top sight unseen at an online auction. It ran great! I drove it round and round Steveston wearing my new aviator shades until the cops waved me on. When I got home I looked in the trunk and found a gym bag stuffed with $20 notes. It amounted to $15,000. I knew if I reported it I would face a lot of questioning, What to do? I thought immediately of starting a scholarship in memory of my granny. If the scholarship money is to be paid out semi-annually and interest is 3% compounded annually, how much will the scholarship winners get? Two decimal places. I bought a used Mustang rag-top sight unseen at an online auction. It ran great! I drove it round and round Steveston wearing my new aviator shades until the cops waved me on. When I got home I looked in the trunk and found a gym bag stuffed with $20 notes. It amounted to $15,000. I knew if I reported it I would face a lot of questioning, What to do? I thought immediately of starting a scholarship in memory of my granny. If the scholarship money is to be paid out semi-annually and interest is 3% compounded annually, how much will the scholarship winners get? Two decimal places.

Answer rating: 100% (QA)

Amound 15000 Rate of enterest 3 Compounded annually kut Payment ef will be semi... View the full answer