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    Applied Calculus
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    Exam 7: Additional Topics in Integration
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    A University Alumni Group Wishes to Provide an Annual Scholarship
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A University Alumni Group Wishes to Provide an Annual Scholarship

Question 57

Question 57

Short Answer

A university alumni group wishes to provide an annual scholarship in the amount of $1,300 beginning next year. If the scholarship fund will earn an interest rate of 8% / year compounded continuously, find the amount of the endowment the alumni are required to make now.
$__________

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