Use the following to answer 19-20: You are going to receive a $16,000 scholarship at...
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Use the following to answer 19-20: You are going to receive a $16,000 scholarship at the end of 3 years for graduate school. 19. \$ 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 semi-annually (round to nearest dollar)? 20. 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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