After Many Years Teaching Finance at Capilano University,Allen Wants to Establish

question 58

Multiple Choice

After many years teaching finance at Capilano University,Allen wants to establish a scholarship to offer 4 $1,000 awards each year to students whose performance is excellent in finance courses.If the university can negotiate a 12.75% effective interest rate,at least how much does Allen need to endorse over to the scholarship (closest estimate) ?

• A) $32,000
• B) $31,000
• C) $31,500
• D) $32,500

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Natural Rights

Fundamental human rights based on universal natural law, predating and regardless of legal systems or governments, such as life, liberty, and property.

The Social Contract

A theory or model, originating during the Age of Enlightenment, that suggests an implied agreement among individuals to form a society and abide by its rules for mutual benefit.

Methodism

Methodism is a Christian Protestant denomination founded by John Wesley in the 18th century, emphasizing personal faith, social justice, and the universal need for salvation.

Equal in God's Eyes

The phrase "Equal in God's Eyes" suggests the belief that all individuals hold the same value and worth, regardless of their circumstances, in the perspective of a divine being or according to religious principles.