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Home Q & A Board Science-Related Homework Help Mathematics
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rasnulx rasnulx
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10 months ago
The Pithybottoms want to make a donation to set up a scholarship trust fund at Hinose College. The fund is to support payments of $5,000 at the end of every three months in perpetuity. If the fund earns 7.5% compounded quarterly, how much must they donate?

▸ $666,667

▸ $375,000

▸ $266,667

▸ $66,667

▸ $200,000
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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lyssa1605lyssa1605
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10 months ago
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rasnulx Author
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10 months ago
Thanks for your help!!
TheMoffattMan
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Yesterday
Helped a lot
rhockeygirl
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2 hours ago
Thank you, thank you, thank you!
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