2. A fund is to be created which pays out a scholarship of £9,000 every year in perpetuity. The first scholarship will be paid out in 6 years' time. Assuming an interest rate of 10%, how much should be paid into the fund? £ 数字 Enter an answer correct to 2 decimal places.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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1. Let the annual interest rate be 6 %. Compute
S
5
数字
Enter an answer correct to 6 decimal places.
ä
5
数字
Enter an answer correct to 6 decimal places.
2. A fund is to be created which pays out a scholarship of £9,000 every year in perpetuity. The first scholarship will be paid out in 6 years' time.
Assuming an interest rate of 10%, how much should be paid into the fund?
£ 数字
Enter an answer correct to 2 decimal places.
Transcribed Image Text:1. Let the annual interest rate be 6 %. Compute S 5 数字 Enter an answer correct to 6 decimal places. ä 5 数字 Enter an answer correct to 6 decimal places. 2. A fund is to be created which pays out a scholarship of £9,000 every year in perpetuity. The first scholarship will be paid out in 6 years' time. Assuming an interest rate of 10%, how much should be paid into the fund? £ 数字 Enter an answer correct to 2 decimal places.
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