Five years ago, an alumnus of a university donated 5116,537 to establish a permanent endowment for scholarships. The fir
Posted: Mon May 02, 2022 7:45 am
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