Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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A community outreach program wants to set up a scholarship fund for students who demonstrate leadership in the community. How much needs to be invested today so that a scholarship of $1500 can be awarded at the end of each year over the next 20 years? Interest earned on the fund will be 8%, compounded annually.
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