Question: will thumbs up if correct Question 6 Tiles remaining 4 Marked out of 2.00 A university is setting up an entrance award which will provide

will thumbs up if correct

Question 6 Tiles remaining 4 Marked out of 2.00 A university is setting up an entrance award which will provide $4000 to a student each year, beginning next year. If the annual effective rate of interest is 5.0% compounded continuously, what is the amount of money required to fund the endowment? (Enter your answer to the nearest dollar.) Answer: $ Flag question Check

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