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lara [203]
3 years ago
12

You plan to set up an endowment at your alma mater that will fund $209,000 of scholarships each year indefinitely. If the princi

pal (the amount you donate) can be invested at 5.0 percent, compounded annually, how much do you need to donate to the university today, so that the first scholarships can be awarded beginning one year from now
Mathematics
1 answer:
Leto [7]3 years ago
6 0

Answer:

$199,047.62

Step-by-step explanation:

PV = X(1+i)^nm

X=$209000

i=5% = 0.05

n=1

m=1

Pv=$209000(1+0.05)^-1x1

Pv=$209000(1.05)^-1

Pv=$209000(1/1.05)

Pv=$209000/1.05

Pv=$199,047.62

$199,047.62 is needed to be donated for investment at 5.0% compounded annually rate for a year so as to get $209,000 at end of the year for the purpose of funding the scholarship.

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Find three positive consecutive integers such that the product of the second integer and the third integer is 72
Anastaziya [24]
Let
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x+2-----> third positive integer

we know that
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using a graph tool-------> <span>I solve the quadratic equation
</span>see the attached figure

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the answer is
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3 0
3 years ago
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What is the mixed number: 1 and 3/4 as a percent​
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Answer:

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8 0
3 years ago
5.676524687 in fraction
Ugo [173]

Answer:

5 7/10

Step-by-step explanation:

First, we need to round the number.

5.7

Now that we've rounded the number we can convert it to a fraction based on where the decimal is located.

5.7

   |

   v

Tenths

So, the decimal is in the tenths that means we have to put 7 over 10.

5 7/10

Hope this helps! :)

6 0
3 years ago
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