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On the table were two pieces of string that were identical in length. As Markus watched, one string was rearranged in a circular pattern. Markus then confidently said that the straight piece of string was longer. Markus is:
Scholarships
Financial support awarded to students based on academic or other achievements to help fund their education.
Trust Fund
A fund comprised of a variety of assets intended to provide benefits to an individual or organization, managed by a trustee.
Compounded Annually
Refers to the process of calculating interest on an investment or loan once per year, adding it to the principal amount.
Perpetuity
An annuity that pays a fixed amount of money indefinitely.
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