A person donated OMR 6420 to a college with the provision that a scholarship is paid at the end of each year.If the money is invested at 8% compounded annually, then how much is the annual scholarship? a. OMR 513.6 b. OMR 746 C. OMR 653.2 d. OMR 178.8

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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A person donated OMR 6420 to a college with the provision that a
scholarship is paid at the end of each year.If the money is invested at 8%
compounded annually, then how much is the annual scholarship?
a. OMR 513.6
b. OMR 746
C.
OMR 653.2
d. OMR 178.8
Transcribed Image Text:A person donated OMR 6420 to a college with the provision that a scholarship is paid at the end of each year.If the money is invested at 8% compounded annually, then how much is the annual scholarship? a. OMR 513.6 b. OMR 746 C. OMR 653.2 d. OMR 178.8
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