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What is the maximum amount scholarship

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You wish to set up a scholarship fund for future Webster University students. You have $134538 to invest and you expect that you can earn 6.7 percent per year on this investment. What is the maximum amount your scholarship will be able to pay out each year? Round your answer to the nearest cent.

You are investing $110 today. You expect to earn 5.9 percent, semiannually compounded, for 5 years. What is the future value of this investment? Round your answer to the nearest cent.

Reference no: EM132157050

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