Question: Question 5 (1 point) A new fund is set up to give out a bursary twice a year. the initial principal amount is $200000 and

Question 5 (1 point) A new fund is set up to

Question 5 (1 point) A new fund is set up to give out a bursary twice a year. the initial principal amount is $200000 and the interest rate is 2.50% compounded annually, how much is the bursary worth? Your answer should be rounded to the nearest cent. (Ex: 4255.27) Your

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