You wish to establish an endowment fund that will provide, Financial Management

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You wish to establish an endowment fund that will provide

You wish to establish an endowment fund that will provide student financial aid awards every quarter, perpetually. To finance the scholarships, you will make a series of equal deposits into a savings account. The deposits will be made quarterly equal to the $1,200 each, with the first one today and the final one in 7 years. The first award is to be granted one quarter after the last deposit. The savings rate is 6.30%, compounded quarterly. How much is each award?

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Financial Management: You wish to establish an endowment fund that will provide

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Financial Management: You wish to establish an endowment fund that will provide

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