rajaay4156 rajaay4156

14-03-2024
Business

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The Commerce Society would like to endow an annual prize of $465.00 to the student who is deemed to have exhibited the most class spirit. The Society is confident that it can invest indefinitely at an annual interest rate of 6%. What is the minimum amount of money that the Society must donate to fund this prize?
a) $7,750.00
b) $6,175.00
c) $7,750.50
d) $6,175.50

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