You created a foundation and raised $55000 that you want to distribute to a school over the next 5 years. If the interest rate is 6%, what amount would you be giving to the school at the end of each month over the next 5 years? O 1063.30 O 1058.01 O 2110.05 O None of the other 3 answers

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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QUESTION 12
You created a foundation and raised $55000 that you want to distribute to a school over the next 5 years. If the interest rate is 6%, what amount would you be giving to the
school at the end of each month over the next 5 years?
1063.30
1058.01
2110.05
None of the other 3 answers
Transcribed Image Text:QUESTION 12 You created a foundation and raised $55000 that you want to distribute to a school over the next 5 years. If the interest rate is 6%, what amount would you be giving to the school at the end of each month over the next 5 years? 1063.30 1058.01 2110.05 None of the other 3 answers
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