Mr. Smart wants to set up an annual scholarship by donating $50,000 to the scholarship fund of
Fantastic news! We've Found the answer you've been seeking!
Question:
Mr. Smart wants to set up an annual scholarship by donating $50,000 to the scholarship fund of his university. If the first payment is to be made in 5 years and interest is 4% compounded annually, what is the amount of the annual scholarship?
Related Book For
College Algebra
ISBN: 978-0134697024
12th edition
Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Posted Date: