Discuss how much should be in its savings account
Discuss how much should be in its savings account to fund one $5000 scholarship each year for 10 years if the university's school of engineering can earn 4% on its investments?
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Calculate the equivalent value of this series at the end of 2044? Consider a series of $136 end-of-period CFs spanning 2050-2057. The interest rate is 1%.
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