How much money did the firm contribute to the fund assuming, Financial Management

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How much money did the firm contribute to the fund assuming

Question

Wicker Imports established a trust fund that provides $155,300 in scholarships each year for needy students.

The trust fund earns a 4.00 percent rate of return. How much money did the firm contribute to the fund assuming that only the interest income is distributed?

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Financial Management: How much money did the firm contribute to the fund assuming

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Financial Management: How much money did the firm contribute to the fund assuming

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