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A Scholarship Fund Has $75,000 to Invest Now to Provide

Question 16

Multiple Choice

A scholarship fund has $75,000 to invest now to provide scholarships to high school students.They want to have at least $150,000 in 9 years.What rate of interest must they invest this money at to reach their goal? Use Table PV-1. A scholarship fund has $75,000 to invest now to provide scholarships to high school students.They want to have at least $150,000 in 9 years.What rate of interest must they invest this money at to reach their goal? Use Table PV-1. A) 7% B) 8% C) 10% D) 11%


A) 7%
B) 8%
C) 10%
D) 11%

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