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C X 6 PVS1 PVA FV$1 FVA 3 9.00% 0.77218 2.53129 1.29503 3.27810 4.50% 0.76790 5.15787 1.30226 6.71689 12 2.25% 0.76567 10.41478 1.30605 13.60222 36 0.75% 0.76415 3144681 1.30665 41.15272 a scholarship for $18,000 at the end of 3 years for graduate school

C X 6 PVS1 PVA FV$1 FVA 3 9.00% 0.77218 2.53129 1.29503 3.27810 4.50% 0.76790 5.15787 1.30226 6.71689 12 2.25% 0.76567 10.41478 1.30605 13.60222 36 0.75% 0.76415 3144681 1.30665 41.15272 a scholarship for $18,000 at the end of 3 years for graduate school

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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C 3 6 % PVS1 PVA FV$1 FVA 9.00% 0.77218 2.53129 1.29503 3.27810 4.50% 0.76790 5.15787 1.30226 6.71689 12 2.25% 0.76567 10.41478 1.30605 13.60222 36 0.75% 0.76415 3144681 1.30665 41.15272 You are going to receive a scholarship for $18.000 at the end of 3 years for graduate school How much must the scholarship fund invest today so it has the money to pay you in 3 years if it can earn 9% compounded quarterly (round to nearest dollar)?
Transcribed Image Text:C 3 6 % PVS1 PVA FV$1 FVA 9.00% 0.77218 2.53129 1.29503 3.27810 4.50% 0.76790 5.15787 1.30226 6.71689 12 2.25% 0.76567 10.41478 1.30605 13.60222 36 0.75% 0.76415 3144681 1.30665 41.15272 You are going to receive a scholarship for $18.000 at the end of 3 years for graduate school How much must the scholarship fund invest today so it has the money to pay you in 3 years if it can earn 9% compounded quarterly (round to nearest dollar)?
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