You decide to provide a $3,000 university scholarship every year for ten years. The first scholarship is

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You decide to provide a $3,000 university scholarship every year for ten years. The first scholarship is to be awarded one year from now. If the university can earn a 4% p.a. return on investment, how much do you need to donate now?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Mar 01, 2024 02:10 AM

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You decide to provide a $3,000 university scholarship every year for ten years. The first scholarship is

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Personal Finance

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