If You Want to Be Able to Set Up a Scholarship

question 2

Multiple Choice

If you want to be able to set up a scholarship fund that will last forever and you feel that you can earn 4.8% compounded annually. How much money do you have to deposit today in order to be able to provide 6 scholarships of $3000 each?

• A) $735 000.00
• B) $375 000.00
• C) $37 500.00
• D) $357 000.00
• E) $333 000.00

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Definitions:

Heart Disease

A range of conditions that affect the heart, including coronary artery disease, arrhythmias, and heart defects.

Computed Tomography

A medical imaging procedure that uses computer-processed combinations of many X-ray measurements taken from different angles to produce cross-sectional images of specific areas of a scanned object, allowing the user to see inside the object without cutting.

Brain-Imaging

The use of various techniques to visualize the structure or function of the brain, including MRI and CT scans.

Electroencephalogram

A test that measures and records the electrical activity of the brain.