Mr. Wu wants to set up an annual scholarship by donating $60000 to the scholarship fund of
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Mr. Wu wants to set up an annual scholarship by donating $60000 to the scholarship fund of his university. If the first payment is to be made in 6 years and interest is 5% compounded annually, what is the amount of the annual scholarship
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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