Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

تمرين 91

Solve the following exercises by using Table 12-2.
Ron Sample is the grand prize winner in a college tuition essay contest awarded through a local organization's scholarship fund. The winner receives $2,000 at the beginning of each year for the next 4 years. How much should be invested at 7% interest compounded annually to award the prize