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1. Wicker Imports established a trust fund that provides $139,700 in scholarships each year for needy students. The trust fund earns a 3.00 percent rate

1. Wicker Imports established a trust fund that provides $139,700 in scholarships each year for needy students. The trust fund earns a 3.00 percent rate of return. How much money did the firm contribute to the fund assuming that only interest income is distributed?

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