Five years ago, an alumnus of a university donated 5116,537 to establish a permanent endowment for scholarships. The fir
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Five years ago, an alumnus of a university donated 5116,537 to establish a permanent endowment for scholarships. The fir
Five years ago, an alumnus of a university donated 5116,537 to establish a permanent endowment for scholarships. The first scholarships were awarded 1 year after the contribution 1 the amount awarded each year, that is, the interest on the endowments $4.020, the rate of returned on the fund is closest to Answer format Enter up to three decimals, for example: 0.123
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