Question: Use the following to answer 1920 : You are going to receive a $16,000 scholarship at the end of 3 years for graduate school. 19.

Use the following to answer 1920 : You are going to receive a $16,000 scholarship at the end of 3 years for graduate school. 19. $ How much must the scholarship fund invest today so it has the money to pay you in 3 years if it can earn 9% compounded semi-annually (round to nearest dollar)? 20. $ How much must the scholarship fund invest today so it has the money to pay you in 3 years if it can earn 9% compounded quarterly (round to nearest dollar)

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