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Business, 15.06.2021 16:40 sbm1girl

A donor sets up an endowment to fund an annual scholarship of . The endowment earns interest per year, compounded annually. Find the amount that must be deposited now if the endowment is to fund one award each year, with one award now and continuing (a) Until twenty awards have been made Round your answer to two decimal places. Enter your answer in accordance to the item a) of the question statement must be deposited. (b) Forever Round your answer to two decimal places. Enter your answer in accordance to the item b) of the question statement must be deposited. eTextbook and Media

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A donor sets up an endowment to fund an annual scholarship of . The endowment earns interest per yea...
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