As an employee benefit, a company has offered a fund of $750,000 for eligible children of employees to receive a scholarship of $2,500 per year for post-secondary education. If interest earns 4% compounded annually, how many scholarships can be provided per year?

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The Answer of As an employee benefit, a company has offered a fund of $750,000 for eligible children of employees to receive a scholarship of $2,500 per year for post-secondary education. If interest earns 4% compounded annually, how many scholarships can be provided per year?

As an Employee Benefit, a Company Has Offered a Fund