Reagan wants to fund a scholarship fund with 3 equal annual deposits beginning today. If...
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Reagan wants to fund a scholarship fund with 3 equal annual deposits beginning today. If the fund earns an annual interest rate of 4 percent, how much would he have to deposit each year so that the fund could provide a $5000 scholarship each year into infinity with the first scholarship being awarded 3 years from today? 0 1 2 3 4 00 D D D 5000 5000 5000 SX O $41,098 O S40,044 0 $42.247 $38,503 0 S39,216
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