Mathematics, 22.06.2020 17:57 ashleyprescot05
Ms. Leslie wants to provide a $1 000 scholarship for an Outstanding Math student at her old high
school. She wants one scholarship awarded every year for the next ten years, with the first
scholarship given one year from now. The school can purchase an annuity at 5% per annum
compounded annually. How much should she give to the school so they can purchase the
annuity?
Answers: 2
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