1. A man donated a certain amount that will last for 10 years for scholarship. The...
1. A man donated a certain amount that will last for 10 years for scholarship. The interest rate is 8 % monthly. And the scholarship amounts to 15 000 every month.
a.) what was the amount of the actual donation of the man?
b.) how much money is still available in 7 years?
c.) how much total amount in half- period of operation?
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