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Home Q & A Board Science-Related Homework Help Mathematics
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linyuki linyuki
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11 months ago
An endowment fund of $5,000,000 is to pay out grants for medical research. The grants are to be paid once per month and the first one is to be paid today. The fund will earn interest at 11% compounded semiannually. What is the size of the monthly grants?

▸ $45,833

▸ $27,500

▸ $39,782

▸ $44,419

▸ $44,817
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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boomers1234boomers1234
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11 months ago
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linyuki Author
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11 months ago
Thank you, thank you, thank you!
vernonb
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Yesterday
Thanks
julymontalvo
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2 hours ago
Brilliant ツ
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