Question: U JIU I By UP U Math Problem assignment/4111 Question 5 of 7 A college plans to set up an endowment fund that will provide

U JIU I By UP U Math Problem assignment/4111 Question 5

U JIU I By UP U Math Problem assignment/4111 Question 5 of 7 A college plans to set up an endowment fund that will provide a scholarship of $5,000 at the end of every quarter, in perpetuity. How much should the college invest in the fund, if the fund earns 5.00% compounded quarterly? Round to the nearest cent Submit Question Next Question w 00N +1

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