A proud university alumnus deposited $50,000 in a savings account as a perpetual trust. She believes


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A proud university alumnus deposited $50,000 in a savings
account as a perpetual trust. She believes 1 answer below ยป A proud university alumnus deposited $50,000 in a savings
account as a perpetual trust. She believes the account will earn 7%
per year during the first 10 years and 5% per year thereafter. The
trust fund is to provide a uniform end-of-year scholarship at her
alma mater. What uniform amount could be used for the student
scholarship each year, beginning one year after depositing the
money in the account and continuing forever ? Jul 02 2015 09:00 PM

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