The national science foundation (nsf) offers grants to students who are interested in pursuing a college education. The student must be enrolled full time (12 credit hours or more), and hold a grade point average of 3. 8. The nsf will pay $9,500 per year towards tuition for 4 years. The initial amount is placed into an account paying 7. 8% compounded annually, and the tuition is drawn from the account until the remaining balance is zero dollars. Determine the initial amount invested by the nsf. Round your answer to the nearest dollar. A. $30,000 c. $35,036 b. $31,606 d. $38,000 please select the best answer from the choices provided a b c d

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05-12-2022
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The national science foundation (nsf) offers grants to students who are interested in pursuing a college education. The student must be enrolled full time (12 credit hours or more), and hold a grade point average of 3. 8. The nsf will pay $9,500 per year towards tuition for 4 years. The initial amount is placed into an account paying 7. 8% compounded annually, and the tuition is drawn from the account until the remaining balance is zero dollars. Determine the initial amount invested by the nsf. Round your answer to the nearest dollar. A. $30,000 c. $35,036 b. $31,606 d. $38,000 please select the best answer from the choices provided a b c d

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AyushiJain10 AyushiJain10 · Answer 1 · 2022-12-08T08:28:00-05:00

The initial amount invested by the NSF is $31,606. Thus, the correct option is option B.

What is NSF?

The United States government's independent National Science Foundation (NSF) promotes fundamental study and training in all areas of science and engineering that are not related to medicine. The National Institutes of Health is its equivalency in medicine.

Approximately 25% of all federally funded basic research carried out by American colleges and universities is funded by the NSF, which has an annual budget of about $8.3 billion. The NSF is the main federal funding source for some disciplines, including mathematics, computer science, economics, and the social sciences.

Unlike the 24 president-appointed members of the National Science Board (NSB), who are not subject to Senate confirmation, the director and deputy director of the NSF are appointed by the president of the United States and confirmed by the U.S. Senate.

Learn more about National Science Foundation

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What is NSF?

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