On fifth thought, Forever College will provide a scholarship of $ 9 , 4 0 0 .
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Question:
On fifth thought, Forever College will provide a scholarship of $ a year for only years, growing in value by percent per year. The longterm annual expected interest rate is percent. What is the current worth of this annuity? Use a Financial calculator to arrive at the answer. Do not round intermediate calculations and round the final answer to the nearest whole dollar.
Annuity paid $
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