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A rich graduate of your university wants to set up a scholarship fund for economically disadvantaged high school seniors who have a mental aptitude to become good engineers. The scholarships will be awarded starting now and continue forever to several individuals for a total of $100,000 per year. If investments earn at 5% per year, how much must the alumnus contribute immediately?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91720129

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