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Business, 19.04.2021 15:50 Lovebamagirl12

A Joe and Jorge both graduated from an engineering college and decided to donate money to their college. They set up 10 engineering scholarships per year starting in 2046 for every year (assume more than 100 years). If $50,000 is invested in the trust fund in the year 2021 and if it earns a very good rate of return of 12% per year, what will the amount of each scholarship be starting in 2046

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