What will be the value of the annual scholarship

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Reference no: EM131244262

As a successful and grateful graduate of the CSUS College of Engineering & Computer Science, you endow the college $25,000. If the college gets 6% return on investments and wants to use the endowment to fund an annual scholarship for the next 25 years, what will be the value of the annual scholarship? Draw a cash flow diagram and solve for the unknown quantity.

Reference no: EM131244262

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