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24-09-2022
Mathematics

Answered

Use Table 12-2 to solve.
Ron Sample is the grand prize winner in a college tuition essay contest awarded through a local organization's scholarship fund. The winner receives $8,000 at the beginning of each year for the next 5 years. How much (in $) should be invested at 6% interest compounded annually to award the prize? (Round your answer to the nearest cent.)
$

Use Table 122 to solve Ron Sample is the grand prize winner in a college tuition essay contest awarded through a local organizations scholarship fund The winner class=

Use Table 122 to solve Ron Sample is the grand prize winner in a college tuition essay contest awarded through a local organizations scholarship fund The winner class=

Answer :

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